Chapter XIX: 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