An Essay on Mediæval Economic TeachingO'Brien, George
History
An Essay on Mediæval Economic Teaching
O'Brien, George
Economics -- History -- To 1800; Property -- History -- To 1500
[Footnote 3: Ezek. xviii. 13; Jer. xv. 10; Ps. xiv. 5, cix. 11, cxii.
5; Prov. xxviii. 8; Hes. xviii. 8; 2 Esd. v. I _et seq._]
The general attitude of the Jews towards usury cannot be better
explained than by quoting Dr. Cleary's final conclusion on the
subject: 'It appears therefore that in the Old Testament usury was
universally prohibited between Israelite and Israelite, whilst it
was permitted between Israelite and Gentile. Furthermore, it
seems impossible to decide what was the nature of the obligations
imposed--whether the prohibition supposed and ratified an already
existing universal obligation, in charity or justice, or merely
imposed a new obligation in obedience, binding the consciences of men
for economic or political reasons. So, too, it seems impossible to
decide absolutely whether the decrees were intended to possess eternal
validity; the probabilities, however, seem to favour very strongly the
view that they were intended as mere economic regulations suited to
the circumstances of the time. This does not, of course, decide the
other question, whether, apart from such positive regulations, there
already existed an obligation arising from the natural law; nor would
the passing of the positive law into desuetude affect the existence of
the other obligation.'[1]
[Footnote 1: _Op. cit._, pp. 17-18.]
Before we pass from the consideration of the Old Testament to that of
the New, we may mention that the taking of interest by Mohammedans is
forbidden in the Koran.[2]
[Footnote 2: ii. 30. This prohibition is universally evaded. (Roscher,
_Political Economy_, s. 90.)]
§ 3. _Usury in the First Twelve Centuries of Christianity_.
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