On Commerce and Usury (1524)

Business & Finance, Economics, Economic History, Nonfiction, History, European General
Cover of the book On Commerce and Usury (1524) by Martin Luther, Philipp Robinson Rössner, Anthem Press
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Author: Martin Luther, Philipp Robinson Rössner ISBN: 9781783084432
Publisher: Anthem Press Publication: September 15, 2015
Imprint: Anthem Press Language: English
Author: Martin Luther, Philipp Robinson Rössner
ISBN: 9781783084432
Publisher: Anthem Press
Publication: September 15, 2015
Imprint: Anthem Press
Language: English

Against the backdrop of today’s renewed uncertainty over the present economic system, this timely volume presents Martin Luther’s contribution to the modern economic sciences, providing a detailed introduction and revised translation of his major pamphlet on economic matters, ‘On Commerce and Usury’ (‘Von Kauffshandlung vnd Wucher’, 1524). In his teachings on indulgences Luther picked up on the question of hoarding money, and was among the earliest voices in early modern Europe calling for an ‘ethical’ economics. Luther’s work prefigured many later contributions to modern economic theory, from the mercantilists and cameralists to the German Historical School.

Luther was, apparently, quite near to what the British economist J. M. Keynes developed as a ‘general theory’ in 1936, relating the power of spendthrift and a pro-active state which made people consume and invest in the economy. And Luther was always very clear about the basic fact that – in order for the economy to work well and society to flourish – markets need rules. Luther’s prescience and enduring relevance are brought to the fore in Philipp Robinson Rössner’s authoritative introduction and notes.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Against the backdrop of today’s renewed uncertainty over the present economic system, this timely volume presents Martin Luther’s contribution to the modern economic sciences, providing a detailed introduction and revised translation of his major pamphlet on economic matters, ‘On Commerce and Usury’ (‘Von Kauffshandlung vnd Wucher’, 1524). In his teachings on indulgences Luther picked up on the question of hoarding money, and was among the earliest voices in early modern Europe calling for an ‘ethical’ economics. Luther’s work prefigured many later contributions to modern economic theory, from the mercantilists and cameralists to the German Historical School.

Luther was, apparently, quite near to what the British economist J. M. Keynes developed as a ‘general theory’ in 1936, relating the power of spendthrift and a pro-active state which made people consume and invest in the economy. And Luther was always very clear about the basic fact that – in order for the economy to work well and society to flourish – markets need rules. Luther’s prescience and enduring relevance are brought to the fore in Philipp Robinson Rössner’s authoritative introduction and notes.

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