Usury in the Ancient World



Regulation of interest-based loans is at the very heart of the earliest legal texts dating from antiquity. For this reason, some historians have come to believe that the practice may well be of much earlier origin and may date from the period of agricultural settling in the neolithic age.


Interest Rate Consumer Credit Ancient World Agricultural Settling Greek City 
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© La Fondation Cetelem 2000

Authors and Affiliations

  1. 1.Cetelem Professor of Economics Université Libre de LilleFrance
  2. 2.International CEO, member of the Board of CetelemFrance

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