Michael Hudson

Property and Debt in Ancient Rome

The Roman concept of property is essentially creditor-oriented. As Rome’s power grew, practices quickly became predatory. Traditional societies usually had restrictions to prevent self-support land from being alienated outside 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.” When interest-bearing…

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