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  • CHAPTER 19
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    FROM LEVITICUS TO POLITICAL ECONOMY

  • I ORIGIN AND PROGRESS OF HOSTILITY TO LOANS AT INTEREST
    — Universal belief in the sin of loaning money at interest
    — The taking of interest among the Greeks and Romans
    — Opposition of leaders of thought, especially Aristotle
    — Condemnation of the practice by the Old and New Testaments
    — By the Church fathers
    — In ecclesiastical and secular legislation
    — Exception sometimes made in behalf of the Jews
    — Hostility of the pulpit
    — Of the canon law
    — Evil results of the prohibition of loans at interest
    — Efforts to induce the Church to change her position
    — Theological evasions of the rule
    — Attitude of the Reformers toward the taking of interest
    — Struggle in England for recognition of the right to accept interest Invention of a distinction between usury and interest

  • II RETREAT OF THE CHURCH, PROTESTANT AND CATHOLIC
    — Sir Robert Filmer’s attack on the old doctrine
    — Retreat of the Protestant Church in Holland
    — In Germany and America
    — Difficulties in the way of compromise in the Catholic Church
    — Failure of such attempts in France
    — Theoretical condemnation of usury in Italy
    — Disregard of all restrictions in practice
    — Attempts of Escobar and Liguori to reconcile the taking of interest with the teachings of the Church
    — Montesquieu’s attack on the old theory
    — Encyclical of Benedict XIV permitting the taking of interest
    — Similar decision of the Inquisition at Rome
    — Final retreat of the Catholic Church
    — Curious dealings of theology with public economy in other fields

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