Abstract and Keywords
This article focuses on the concept of Talmudic Monetary Theory and the position and usage of currency in Rabbinic Halakhah. The Talmudic literary corpus represents the collective exploration of issues of Jewish religious law by the rabbinic leadership of the Jewish people from the last two millennia bce through the Islamic conquest of the Near East in the seventh century ce. The article argues that the Talmudic rabbis had unique and original ideas on the nature and function of currency. The article investigates the monetary theories that lie behind the rabbinic laws found in tractate Bava Metsi’a. The article provides perspectives on the views of the ancient rabbis regarding a number of issues of economic theory: nature of currency and commodities, relationship of the value of currency to price fluctuations, inflation. It also explains the concepts of barter and currency as well as the nature of currency as explained in Judaic texts.
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