Jump to ContentJump to Main Navigation
Collected Essays: v. 1$
Users without a subscription are not able to see the full content.

Haym Soloveitchik

Print publication date: 2013

Print ISBN-13: 9781904113973

Published to Liverpool Scholarship Online: February 2021

DOI: 10.3828/liverpool/9781904113973.001.0001

Show Summary Details
Page of

PRINTED FROM LIVERPOOL SCHOLARSHIP ONLINE (www.liverpool.universitypressscholarship.com). (c) Copyright Liverpool University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in LSO for personal use.date: 27 January 2022

Usury, Jewish Law

Usury, Jewish Law

Chapter:
(p.41) Chapter Four Usury, Jewish Law
Source:
Collected Essays: v. 1
Author(s):

Haym Soloveitchik

Publisher:
Liverpool University Press
DOI:10.3828/liverpool/9781904113973.003.0004

This chapter assesses the author's essay on usury and Jewish law. Usury is defined in talmudic law as “wages for waiting,” that is, money paid for deferred repayment of a loan. Usury is viewed as a violation of the pentateuchal injunction. Rabbinic law extended the range of this injunction to include forms of commodity loans and mortgages. The usury injunction covers five major areas: (1) money repaid at a later date; (2) commodities lent and repaid with increment at a later date; (3) deferred payments of purchase; (4) possessory mortgages, or antichresis; and (5) commenda. Such restrictions posed serious obstacles to most forms of business enterprise or merchant and agricultural credit. As Jews in medieval Europe were engaged in moneylending, liquidity was essential, and replenishment of assets through direct borrowing was a major problem. The most important means of circumvention was the use of a Gentile straw man. However, in Europe, Jewish moneylending was a frequent object of attack by Christian writers from the latter half of the twelfth century on.

Keywords:   usury, Jewish law, talmudic law, deferred payment, commodity loans, mortgages, commenda, Jewish moneylending, direct borrowing, Gentile straw man

Liverpool Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.