Overview

This volume presents Martin Luther's contribution to the modern economic sciences, providing a detailed introduction and revised translation of his major pamphlet on economic matters, 'On Commerce and Usury' ('Von Kauffshandlung und Wucher', 1524). In his teachings on indulgences, Luther picked up on the question of hoarding money, and was among the earliest voices in early modern Europe calling for an 'ethical' economics. Luther's work prefigured many later contributions to modern economic theory, from the mercantilists and cameralists to the German Historical School.

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9781783083855

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Reviews

'In his deeply erudite introduction, Philipp Rossner offers a vivid contextualization of Luther's thinking on how commerce should be managed in order to promote a proper Christian society. Rossner not only explores Luther's ideas on commerce and ethics from the point of view of modern economics, but he uses Luther's perspective as a critical lens through which he examines, with great nuance and clarity, the state of economic reasoning today.' -Carl Wennerlind, Columbia University 'Luther's On Commerce and Usury is much more than a sermon. It is a powerful reminder that markets are human constructs and depend on rules for their existence and operation. This inconvenient truth deserves reflection, as Philipp Rossner demonstrates in his fascinating essay. By delving into the context and meaning of a sixteenth-century classic, he speaks to the present.' -Francesco Boldizzoni, University of Turin

Author Information

Martin Luther (14831546) was a German friar, priest and professor of theology who was a seminal figure in the Protestant Reformation. Philipp Robinson Rssner is Lecturer (Assistant Professor) in Early Modern History at the University of Manchester.

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