J. Schumpeter, Scholastic Universalism as opposed to Individualism

Scholastic sociology and economics, in particular, are strictly individualist, if we understand this to mean that the doctors, so far as they aimed at description and explanation of economic facts, started invariably from the individual’s tastes and behavior. That they applied super-individual canons of justice to these facts is not relevant to the logical nature of their analysis; but even these canons were derived from a moral schema in which the individual was an end in himself and the central idea of which was the salvation of individual souls.

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