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Jews In The European Economy

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Chapter Summary

This chapter discusses three historical phases: The historical background of the Jews in the European diaspora, Capitalism and the Jews and Talmudic impact on modern Economic thought: the Spanish connection. History suggests that none but the most rudimentary economic system can endure for any length of time under conditions in which a price for the use of money is inhibited. The origins and causes of modern European capitalism have been much debated by historians, and some of these have proposed links between developments in organized religion and the emergence of capitalist phenomena on a large scale. The chapter offers considerable evidence that Jews in Europe were in a position to make an impact on the course of the development of Western economic thought. It describes a broad spectrum of innovative commercial practices in Christian Spain, due in significant measure, to the cultural interpenetration between the Christians and Spanish Jewry.

Keywords: Capitalism; Christian Spain; European diaspora; Jews; Spanish Jewry; Talmudic impact; Western economic thought



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