Valuation in Jewish Law

Keith Sharfman

in The Oxford Handbook of Judaism and Economics

Published in print December 2010 | ISBN: 9780195398625
Published online September 2012 | | DOI:

Series: Oxford Handbooks

Valuation in Jewish Law

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Every legal system needs mechanisms to resolve disputes over the value of legal entitlements, and Jewish law is no exception. Tort damages, restitution for the conversion or theft of property and the calculation of a redemption price for tithed or consecrated property are just a few of the many cases in Jewish law where a dispute as to the value of a legal entitlement might arise and when, if so, a valuation adjudication becomes necessary. The pervasiveness of such disputes, however, does not always make them easy to resolve. Valuation procedures in Jewish laws are described in details. The size of the valuation panel is expanded from three to ten in cases of complex sacred obligations, such as the redemption of consecrated real property, and the rules governing the types of individuals who may serve or who must be included on the panel are relaxed or tightened depending on context.

Keywords: Jewish laws; legal system; legal entitlement; sacred obligations

Article.  7153 words. 

Subjects: Economics ; Financial Markets ; Industry Studies

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