La question de l'interdiction de l'intérêt dans l'histoire européenne. Un essai d'analyse institutionnelle

Ragip Ege

Revue économique, 2014, vol. 65, issue 2, 391-417

Abstract: The purpose of this paper is to investigate the reasons why interest loan was prohibited or strictly regulated in European History, by all three monotheisms as well as by the Aristotelian tradition, and the Roman, Canonical and Civil medieval laws. The hypothesis, which is the basis of this argument, is that any market economy developed to a certain degree necessarily involves money lending and therefore a price for money. Those who attempted to prohibit it could not have ignored such an obvious fact. Consequently it is believed that prohibiting interest loan is an issue, which goes well beyond the concern with interest itself. And we assume that the understanding of such a phenomenon requires some institutional analysis. Classification JEL : B11, B15, K12, Z12

JEL-codes: B11 B15 K12 Z12 (search for similar items in EconPapers)
Date: 2014
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