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Some Further Reassessment Of The Scholastic Doctrine Of Usury

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  • Jscques Melitz

Abstract

This article offers a systematic criticism of the Scholastic usury doctrine from the standpoint of modern economics. There is also an effort to examine the conformity of the Scholastics' various major arguments against usury with their narrow conception of the usury problem. Dempsey and Schumpeter'S claims of important Scholastic contributions to interest theory receive special attention. With regard to medieval sources, the article relies mainly on the post‐1938 writings of Noonan, Dempsey, Le Bras, and de Roover. Vom Standpunkt der modernen Ökonomie aus bietet dieser Artikel eine systematische Kritik der scholastischen Lehre uber den Wucher. Auch wird versucht, die verschiedenen Argumente der Scholastiker gegen den Wucher and ihre enge Definition des Wucherproblems auf ihre Vereinbarkeit zu prufen. Besondere Aufmerksamkeit wird der Auffassung Dempseys and Schumpeters gewidmet, die Scholastiker hätten bedeutend zur Zinstheorie beigetragen. Für die mittelalterlichen Quellen verlasst sich der Autor hauptsachlich auf die nach 1938 erschienenen Schriften von Noonan, Dempsey, Le Bras, Mclaughlin, and De Roover. L'auteur du présent article fait, du point de vue de l'économie moderne, une critique systématique de la doctrine Scholastique de l'usure. Il essaie d'étudier la conformité des divers arguments majeurs des Scholastiques relatifs à l'usure avec leur conception etroite du problème de l'usure. L'auteur porte un intérêt particulier aux affirmations de Dempsey et de Schumpeter en ce qui concerne l'apport important des Scholastiques dans le domaine de la theorie de l'intérêt. Quant aux sources médiévales, 1'auteur se réfère tout spécialement aux écrits de Noonan, Dempsey, Le Bras, McLaughlin et De Roover, postérieurs à 1938.

Suggested Citation

  • Jscques Melitz, 1971. "Some Further Reassessment Of The Scholastic Doctrine Of Usury," Kyklos, Wiley Blackwell, vol. 24(3), pages 473-492, August.
  • Handle: RePEc:bla:kyklos:v:24:y:1971:i:3:p:473-492
    DOI: 10.1111/j.1467-6435.1971.tb00615.x
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    Cited by:

    1. Mark Koyama, 2008. "Evading the 'Taint of Usury' Complex Contracts and Segmented Capital Markets," Economics Series Working Papers 412, University of Oxford, Department of Economics.
    2. Koyama, Mark, 2010. "Evading the 'Taint of Usury': The usury prohibition as a barrier to entry," Explorations in Economic History, Elsevier, vol. 47(4), pages 420-442, October.
    3. Thierry Baudassé & Anne Lavigne, 2000. "Pourquoi et comment légiférer sur l’usure ?," Revue d'Économie Financière, Programme National Persée, vol. 58(3), pages 163-184.
    4. Lambert, Thomas, 2021. "Byzantine Economic Growth: Did Climate Change Play a Role?," MPRA Paper 107898, University Library of Munich, Germany.

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