THE ATTITUDE TOWARDS USURERS AND INTEREST IN THE NINETEENTH-CENTURY OTTOMAN BULGARIA. THE ORTHODOX PERSPECTIVE Cover Image

ОТНОШЕНИЕТО КЪМ ЛИХВАРИТЕ И ЛИХВАТА В ОСМАНСКА БЪЛГАРИЯ ПРЕЗ XIX ВЕК. ПРАВОСЛАВНАТА ПЕРСПЕКТИВА
THE ATTITUDE TOWARDS USURERS AND INTEREST IN THE NINETEENTH-CENTURY OTTOMAN BULGARIA. THE ORTHODOX PERSPECTIVE

Author(s): Hristiyan Atanasov
Subject(s): History, Economy, National Economy, Economic history, History of ideas, Social history, Modern Age, Special Historiographies:, Financial Markets, Public Finances, Socio-Economic Research
Published by: Център за стопанско-исторически изследвания
Keywords: interest rate; usury; religion; morality; Ottoman Bulgaria

Summary/Abstract: This article delves into a prevalent question within the realms of economic history and theory: How were usury and interest perceived? It primarily explores the religious and moral viewpoints concerning lending with interest from the vantagepoint of Orthodox Christianity – the dominant religious denomination in Ottoman Bulgaria. The article provides both direct and indirect evidence of the strong religious aversion to usury during the studied period, an attitude that significantly influenced the mindset of the populace. Furthermore, this research examines indications of evolving perspectives over time. In the nineteenth century, the predominant moral disapproval of usury began to wane, influenced by Western liberalism and rationalism. Nonetheless, it remained the dominant and defining perspective.

  • Issue Year: VIII/2023
  • Issue No: 1
  • Page Range: 45-59
  • Page Count: 15
  • Language: Bulgarian