This paper deals with Martin Luther's publications on usury. It demonstrates that Luther's criticism on interest payments is based primarily on the argument that fixed interest rates do not take into account the uncertainty of future economic developments. For this reason, Luther argues that fixed interest payments are not consistent with the fact that the future is in God's hands. A transfer of Luther's arguments into the world of modern financial markets leads to the conclusion that market regulation should focus on providing space for contingencies, especially by enabling debt restructuring, and preventing a concentration of power in the banking sector.

Enthalten in:
Zeitschrift für Evangelische Ethik; 2015/3 Kommentare, Studien, Berichte, Dokumentationen, Diskussionen, Rezensionen, Bibliographie (2015)

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Serie / Reihe: Zeitschrift für Evangelische Ethik

Personen: Hecker, Christian

Schlagwörter: Gegenwart Luther Finanzwesen Kontingenz