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

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  • Ragip Ege

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

Suggested Citation

  • Ragip Ege, 2014. "La question de l'interdiction de l'intérêt dans l'histoire européenne. Un essai d'analyse institutionnelle," Revue économique, Presses de Sciences-Po, vol. 65(2), pages 391-417.
    • Handle: RePEc:cai:recosp:reco_652_0391
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    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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