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Debt, Debt redemption
(2,856 words)

[German version]

I. Ancient Orient

Debt incurred by the population which lived on agriculture is a general phenomenon in agrarian societies. It ultimately led to debt bondage, thus threatening the social equilibrium. Debt redemption by sovereign decree was a common means of reducing or eliminating the consequences of debt, i.e. of restoring ‘justice in the land’. Instances of debt redemption are well attested in Mesopotamia from the 3rd millennium BC, bu…

Cite this page
Renger, Johannes (Berlin) and Crawford, Michael Hewson (London), “Debt, Debt redemption”, in: Brill’s New Pauly, Antiquity volumes edited by: Hubert Cancik and , Helmuth Schneider, English Edition by: Christine F. Salazar, Classical Tradition volumes edited by: Manfred Landfester, English Edition by: Francis G. Gentry. Consulted online on 28 May 2022 <http://dx.doi.org/10.1163/1574-9347_bnp_e1105040>
First published online: 2006
First print edition: 9789004122598, 20110510



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