The Loan in the Old Testament – Paradigm of the Contemporary Banking System

Adrian Vasile ()
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Adrian Vasile: Faculty of Orthodox Theology, “Ovidius” University – Constanþa

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 2, 179-183

Abstract: Usury is that kind of loan – of money or any other good – that brings interest. Nowadays, usury and interest have come to be defined in different ways. Unlike interest, which in time has earned its legal status, usury is considered to be an excessive interest demanded by those who lend money outside the legal framework. For us Christians, usury is one and the same thing, representing a sin based upon love for money (a deadly sin) and upon lack of mercy for the misfortune of our brother. The Holy Tradition clearly condemns lending and charging an excessive interest and sees it as stealing consented by the victim.

Keywords: loan; interest; usury; the Old Testament; Talmud (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xv:y:2015:i:2:p:179-183

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