The idea that debts could – let alone should – be successfully forgiven is a controversial one. If you want to understand the fall of empires, you need to read this book. And forgive them their debts : lending, foreclosure and redemption from Bronze Age finance to the Jubilee Year. This is a book that aims, and categorically succeeds, to be controversial. Good look at the origins of debt and debt jubilees with not subtle commentary on how things have changed. Periodic “Forgiveness of debt” through a Jubilee year or a change of ruler would free the disenfranchised for corvee labor or warfare in behalf of the ruler. The New Testament has similar cautions, from the parable of the unmerciful servant to the retributive imagery of the Last Judgment. Start by marking “...And Forgive Them Their Debts” as Want to Read: Error rating book. To say that Michael Hudson’s new book And Forgive Them Their Debts: Lending, Foreclosure, and Redemption from Bronze Age Finance to the Jubilee Year (ISLET 2018) is profound is an understatement on the order of saying that the Mariana Trench is deep.To grasp his central argument is so alien to our modern way of … “Most religious leaders say that Christianity is all about sin, not debt,” he says. In ...and forgive them their debts, renowned economist Michael Hudson - one of the few who could see the 2008 financial crisis coming - takes us on an epic journey through the economies of ancient civilizations and reveals their relevance for us today. No one went jail. . According to Hudson’s reading of history, the State ‘is an arena in which creditors, landowners and rulers vie for control’ (262). (And the inevitable Roman screw up that set the world down a more tragic path) Goes through the cycle of debt forgiveness practiced to maintain a population capable of paying taxes/fighting/providing corvee labor and the inevitable rise of an oligarchic/aristocratic class that tried to take the population's land and labor. It contains three versions of a decree issued by King Ptolemy V (196 BC), one of which was written in Ancient Greek. For the past 40 years, in conjunction with Harvard's Peabody Museum, he and his colleagues have documented how. Not super well edited or organized, too many arcane details of Sumerian and Babylonian history for the non-specialist (and, strangely, not enough on Greece and Rome). ...and forgive them their debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year (THE TYRANNY OF DEBT) by Michael Hudson No Customer Reviews …and forgive them their debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year. Michael Hudson. I am confused. In this book's favor, it can be said that the theme of debt forgiveness and the importance of a free peasant class that is not burdened with debts to parasitic rentier elements within society is certainly a useful one. If you want to understand the fall of empires, you need to read this book. His main research interests are international finance and geopolitics. Throughout his long career he has been a musical conductor, a Wall Street financial analyst and an economic advisor for the CIA and several governments. Rulers were, however, not acting to safeguard the freedom of the peasantry for its own sake. Michael Hudson’s Book: Forgive Them Their Debts Posted on November 19, 2018 by Peter Challen October 13, 2019 Dear Associates of CCMJ, A strong comment on Michael Hudson’s book, [. The mass murders of the communist world and self dealing of the political classes were noticed. In …and forgive them their debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year, Michael Hudson offers a historical account of the role that debt played in ancient societies. This decree became so famous that the term ‘Rosetta stone’ has come to mean a clue into the unknown and a universal symbol for translation. The Big Question: What happens when For the past 40 years, in conjunction with Harvard's Peabody Museum, he and his colleagues have documented how interest-bearing debt was invented in … Just a moment while we sign you in to your Goodreads account. Hudson is also a prolific author on matters of finance and economics, with …and forgive them their debts being on the best books list of the Financial Times for 2018. In...and forgive them their debts, renowned economist Michael Hudson - one of the few who could see the 2008 financial crisis coming - takes us on an epic journey through the economies of ancient civilizations and reveals their relevance for us today. The core assumption underlying his economic analysis is simple: as a law of mathematics, debts growing at compound interest are irremediably bound to overtake – typically s-curve – economic growth. Yet this book does not succeed as well as it does because the author shows a great deal of focus on Bronze age Mesopotamia as holding the solution to indebtedness when it actually was the reason why the debt trap for poor farmers existed in the first place and because the author adopts bogus and lamentably incorrect documentary hypotheses regarding the biblical record, which is not given the full credit it deserves when it comes to the Sabbath principle. Book Review …And Forgive Them Their Debts: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year. When I think of the Bronze Age of the Near East I am reminded of a walk through the British Museum several years ago. Alas, Hudson does not make the task an easy one. 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