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Published 1 month ago

Economic Liberty and Clean Slates: Unraveling the Dynamics of Debt Forgiveness in the Bronze Age

Summary by The Archaeologist
Whether in the realms of trade or agriculture, the operative principle was that debtors should not lose their economic liberty by being held liable for “acts of God.” By Michael Hudson When interest-bearing commercial and agrarian debt came to be incorporated into civilization’s economic structure in the third millennium BC, it was accompanied by clean slates that liberated bondservants and restored to debtors the rights to the crops and land …

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The ArchaeologistThe Archaeologist

Economic Liberty and Clean Slates: Unraveling the Dynamics of Debt Forgiveness in the Bronze Age

Whether in the realms of trade or agriculture, the operative principle was that debtors should not lose their economic liberty by being held liable for “acts of God.” By Michael Hudson When interest-bearing commercial and agrarian debt came to be incorporated into civilization’s economic structure in the third millennium BC, it was accompanied by clean slates that liberated bondservants and restored to debtors the rights to the crops and land …

1 month ago
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