Article

Talmudic Monetary Theory: Currency In Rabbinic Halakhah

Lawrence H. Schiffman

in The Oxford Handbook of Judaism and Economics

Published in print December 2010 | ISBN: 9780195398625
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195398625.013.0031

Series: Oxford Handbooks

 Talmudic Monetary Theory: Currency In Rabbinic Halakhah

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This article focuses on the concept of Talmudic Monetary Theory and the position and usage of currency in Rabbinic Halakhah. The Talmudic literary corpus represents the collective exploration of issues of Jewish religious law by the rabbinic leadership of the Jewish people from the last two millennia bce through the Islamic conquest of the Near East in the seventh century ce. The article argues that the Talmudic rabbis had unique and original ideas on the nature and function of currency. The article investigates the monetary theories that lie behind the rabbinic laws found in tractate Bava Metsi’a. The article provides perspectives on the views of the ancient rabbis regarding a number of issues of economic theory: nature of currency and commodities, relationship of the value of currency to price fluctuations, inflation. It also explains the concepts of barter and currency as well as the nature of currency as explained in Judaic texts.

Keywords: Talmudic Monetary Theory; rabbinic; Halakhah; Talmudic literary corpus; currency

Article.  9141 words. 

Subjects: Economics ; Macroeconomics and Monetary Economics

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