The ancient philosophers—including that is western, Aristotle, both Catos, Cicero, Seneca and Plutarch—all condemned usury

The ancient philosophers—including that is western, Aristotle, both Catos, Cicero, Seneca and Plutarch—all condemned usury

Aristotle argued that “a little bit of money cannot beget another,” because cash had been barren, or sterile, and money that is consequently breeding cash had been abnormal. The philosophy ended up being mirrored into the law that is civil of B.C. republican Rome, which outlawed interest entirely.

The prohibition of interest is a well-established working principal integrated into the Islamic economic system in Islam, the criticism of usury was well established during the prophet Mohammed’s life and reinforced by his teachings dating back to early 600 A.D. Continue reading “The ancient philosophers—including that is western, Aristotle, both Catos, Cicero, Seneca and Plutarch—all condemned usury”