Judaism, Christianity and Islam all impose obligations and constraints upon the rightful use of wealth and earthly resources. All three of these religions have well-researched views on the acceptability of practices such as usury but the principles and practices of other, non-interest, financial instruments are less well known. This book examines each of these three major world faiths, considering their teachings, social precepts and economic frameworks, which are set out as a guide for the financial dealings and economic behaviour of their adherents.

This is a one-of-kind volume bringing together leading scholars in the economics of religion for the first time. The treatment of topics is interdisciplinary, comparative, as well as global in nature. Scholars apply the economics of religion approach to contemporary issues such as immigrants in the United States and ask historical questions such as why did Judaism as a religion promote investment in education? The economics of religion applies economic concepts (for example, supply and demand) and models of the market to the study of religion. Advocates of the economics of religion approach look at ways in which the religion market influences individual choices as well as institutional development. For example, economists would argue that when a large denomination declines, the religion is not supplying the right kind of religious good that appeals to the faithful. Like firms, religions compete and supply goods. The economics of religion approach using rational choice theory, assumes that all human beings, regardless of their cultural context, their socio-economic situation, act rationally to further his/her ends. The wide-ranging topics show the depth and breadth of the approach to the study of religion.

Credit is the oxygen of every society. In many cases we wonder why the rabbis prohibit certain business credit transactions considering them usury. The writer uses literary and epigraphic sources to decipher the rabbinic approach. This book shows how rabbinic legislation innovatively expand the Torah prohibition of usury in loans to all fields of credit. It is a pioneering inquiry regarding rabbinic literature compiled under Roman and Sasanid rule, helping to fill the void in research concerning credit. It also distinguishes various kinds of credit differentiating credit of money for money, or products, exposing the ramifications of the rabbinic legislation.

In the early years of the sixteenth century, the Church experienced a dramatic shift in its moral perception of the practice of usury. Leaders of the continental Protestant Reformation (Lutheran, Calvinist, and Anabaptist) all grappled with the Roman Catholic Church's moral teaching on the practice of lending money at interest. Although these three theological streams addressed the same moral problem, at relatively the same time, they each responded differently. Reforming the Morality of Usury examines how the leaders of each major stream in the continental Protestant Reformation adopted a different approach to reforming moral teaching on the practice of usury.

There is a revival of interest by economists in ethical issues and beliefs, and by moral philosophers and theologians in economics. This book is intended to make a contribution to this cross-fertilisation of ideas. Rodney Wilson has undertaken an extensive survey of Jewish, Christian and Muslim views on economics, and reviewed the rapidly expanding business ethics literature from a religious perspective. The juxtaposition of the work of theologians and moral philosophers with that of economists results in some interesting comparisons.

This book gathers scholars from the three major monotheistic religions to discuss the issue of poverty and wealth from the varied perspectives of each tradition. It provides a cadre of values inherent to the sacred texts of Jews, Christians, and Muslims and illustrates how these values may be used to deal with current economic inequalities. Contributors use the methodologies of religious studies to provide descriptions and comparisons of perspectives from Judaism, Christianity, and Islam on poverty and wealth. The book presents citations from the sacred texts of all three religions. The contributors discuss the interpretations of these texts and the necessary contexts, both past and present, for deciphering the stances found there. Poverty and Wealth in Judaism, Christianity, and Islam identifies and details a foundation of common values upon which individual and institutional decisions may be made.

The purpose of They Who Give from Evil is to consider the financial and salvific implications of usury on the community and the individual soul as it is addressed within the sermons of a selection of early Christian Greek authors, in the historical context of the fourth century Roman Empire. Although focusing on two Greek texts, St. Basil's Homily on Psalm Fourteen and Against Those Who Practice Usury by St. Gregory of Nyssa, Ihssen is able to shed fascinating insight on Roman life and illustrate the rich social justice theologies of the patristic world.