

Usury is not just a financial practice; it is a moral and ethical issue that has profound implications for society's structure and the welfare of the vulnerable
Read full overviewShow less›
In 'Usury: A Scriptural, Ethical and Economic View,' Calvin Elliott explores the complex and often contentious topic of usury, which he defines as any gain taken for a loan of money or property. This book delves into the historical, scriptural, and ethical dimensions of usury, arguing that it is fundamentally at odds with the principles of justice and equity that should govern human interactions. Elliott meticulously examines biblical passages, historical practices, and the moral implications of usury, offering a compelling case against its acceptance in modern society. Readers will gain insights into the detrimental effects of usury on individuals and communities, as well as the historical context that shapes our understanding of this practice today. By the end, one will appreciate the urgent need to reevaluate our economic practices in light of ethical considerations and the teachings of scripture.
Calvin Elliott's 'Usury: A Scriptural, Ethical and Economic View' presents a compelling case against the practice of usury, urging readers to consider the profound moral and ethical implications of financial transactions. By examining historical, scriptural, and economic perspectives, Elliott illustrates how usury perpetuates cycles of poverty and dependency, ultimately undermining the social fabric of communities. His call for a return to ethical lending practices rooted in compassion and justice resonates deeply in today's economic climate, where the vulnerable often bear the brunt of exploitative financial practices. This book serves as a timely reminder of the need to align our economic systems with principles of equity and care for one another, challenging us to rethink our relationship with money and its role in our lives.
- 1The Evolving Definition of Usury
- 2Mosaic Law and the Prohibition of Usury
- 3Historical Context of Usury in Jewish Tradition
- 4The Prophetic Denunciation of Usury
- 5Nehemiah's Financial Reforms
Notable quotes
“Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of anything that is lent upon usury.”
“He that putteth not out his money to usury, nor taketh reward against the innocent, he that doeth these things shall never be moved.”
“The thing ye do is not good: ought ye not to walk in the fear of our God, because of the reproach of the nations, our enemies?”
A glimpse inside

Usury, as understood in biblical times, referred to any premium charged for a loan—essentially any increase over the principal amount lent. Read moreUsury, as understood in biblical times, referred to any premium charged for a loan—essentially any increase over the principal amount lent. Over the centuries, the term has morphed, often becoming synonymous with excessive interest rates. Elliott emphasizes the need to reclaim the original meaning of usury, which encompasses all forms of profit derived from lending money or property without regard for the borrower's wellbeing. This historical perspective is crucial as it sets the stage for understanding how usury, in its original context, was not merely a financial transaction but a moral failing that exploited the vulnerable. By recognizing the broader implications of usury, we can better grasp its impact on social justice and economic equity. Show less
Elliott explores the Mosaic laws that explicitly prohibit usury among the Israelites, establishing a framework for ethical lending that promotes the welfare of the commun… Read moreElliott explores the Mosaic laws that explicitly prohibit usury among the Israelites, establishing a framework for ethical lending that promotes the welfare of the community. In Deuteronomy 23:19-20, it is stated that while lending to a 'stranger' may involve usury, lending to a brother is forbidden. This distinction highlights a fundamental principle of compassion and community responsibility, suggesting that financial transactions should not exploit those within one’s own community. The laws were designed to protect the poor and ensure that all members of society could thrive without falling into debt bondage. Elliott argues that these ancient laws are not merely historical artifacts but are still relevant today, advocating for a return to ethical lending practices that prioritize the welfare of individuals over profit. Show less
Read the full text — free
About the author
Read Calvin Elliott's work free on Lumina — the complete text plus an 8-minute summary and key ideas, no account needed




