Interest-bearing debt in the John Calvin school of thought
2020
John Calvin, who greatly contributed to the current norm of capitalism with
his revolutionary opinions following the 16th century, is seen as the being
at the frontier of reformists critiquing the ban on interest. Bringing a new
perspective to the market morality of Christianity, he
argues that interest-bearing debts are religiously and morally acceptable
activities under certain conditions. Calvin attempted to include the
realities of the emerging economic climate and the historical roots of the
issue to his approach. Additionally, he exchanged views in his
correspondence with the leading thinkers of the time on the possibility of
bending the strict prohibition of interest. The changes in professional
etiquette legitimized secular lines of work, while Calvin’s interest/extreme
interest distinction brought a new perspective to the medieval opinion on
interest. This work aims to critically investigate the basis of the
interest/extreme interest distinction debt its arguments from Calvinism.
- Correction
- Source
- Cite
- Save
- Machine Reading By IdeaReader
1
References
1
Citations
NaN
KQI