Christian Restorative Justice, Banking, and Finance

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Christian restorative justice, Banking, and Finance

These resources explore moral and ethical problems found primarily in the American financial system. They highlight God’s creation order and its meaning as God’s vision for relationships between human beings, and also between human beings and the created world. Banks and financial mechanisms have been used for racist purposes, and at the very least to make racial inequities worse - see this page for resources on racism and finance.

Messages and Essays on Christian Restorative Justice, Banking, and Finance

Christian Restorative Justice: Financial Reform (ppts) and video from New Hope Fellowship Baltimore, MD, May 2015

Books and Articles on Christian Critiques of Banking and Finance

The Jubilee Centre website

Relationships Global website

Wikipedia, Mondragon Cooperative (Wikipedia article) about a Christian community in the Basque, Spain region formally started in 1956 and running on the Catholic social teaching

Distributist Review (website), a Catholic online journal

Ethics Driven Innovation (website) a consulting company; and Profit With a Higher Purpose (website), a blog by the founder

Americans for Fairness in Lending, The History of Usury (Americans for Fairness in Lending website) relying on James M. Ackerman, Interest Rates and the Law: A History of Usury (1981)

Timothy Gorringe, Capital and the Kingdom (Amazon book, Mar 1994)

Wayne A.M. Visser and Alastair McIntosh, A Short Review of the Historical Critique of Usury (Accounting, Business & Financial History 8:2, July 1988)

Timothy Gorringe, Fair Shares: Ethics and the Global Economy (Amazon book, Jun 1, 1999)

Norman G. Kurland, The Just Third Way: Basic Principles of Economic and Social Justice (Center for Economic and Social Justice website, May 28, 2004)

Paul Mills and Michael Schluter, After Capitalism: Rethinking Economic Relationships  (Jubilee Centre, 2012)

Thomas Storck, Is Usury Still a Sin? (originally Distributist Review magazine, fall 2009)

Stephen Pope, Restorative Justice as a Prophetic Path to Peace (CTSA Proceedings, 2010)

Thomas Storck, Is the Acton Institute a Genuine Expression of Catholic Social Thought? (Distributist Review magazine, July 4, 2011)

Angus Sibley, The "Poisoned Spring" of Economic Libertarianism: Menger, Mises, Hayek, Rothbard: A Critique from Catholic Social Teaching of the 'Austrian School' of Economics (book, May 2011) and Michael Sean Winters' review (Natl Catholic Responder, Jul 6, 2011)

Paul Mills at the Jubilee Centre, The Great Financial Crisis: A Biblical Diagnosis (Jubilee Centre website article, 2012)

Paul Mills, Jenny Corbett, Colin Mayer, Losing Interest: Imagining a Financial System Without Debt (Veritas Forum video, May 3, 2012) on usurious debt as a theological and relational problem, and my written notes

Michael Hoffman, Usury in Christendom: The Mortal Sin that Was and Now is Not (book, Nov 2012)

Ilsup Ahn, Deconstructing the Economy of Debt: Karl Marx, Jurgen Habermas, and an Ethics of Debt (Trans-Humanities, Vol.6 No.1, Feb 2013)

Thomas Storck, Aquinas on Buying and Selling (originally Distributist Review magazine, May 14, 2013)

Aaron Souppouris, The Church of England Wants to Oust Loan Sharks by Competing With Them (The Verge, Jul 26, 2013)

Paul Mills, The Rise of the New Slavery: Battling Debt in the 21st Century (Jubilee Centre website video, Oct 2013)

Joseph Gleason, The Bankers' Witching Hour (The Orthodox Life blog, Dec 16, 2013)

Shai Secunda, Finance in Religious Law: A Comparative Conference of Judaism, Christianity, Islam (Harvard Law School, Dec 2013)

Jamie Doward, Church of England Launches Credit Union Network in Payday Loans Fight (The Guardian, Feb 22, 2014)

Aaron Weaver, Religious Groups Announce Coalition to Combat Predatory Lending (Cooperative Baptist Fellowship blog, May 14, 2015)

Rebecca Robbins, Churches Step In With Alternative to High-Interest, Small-Dollar Lending Industry (Washington Post, Jan 9, 2015)

Tom Strode, Payday Loans Targeted by ERLC, Others in Coalition (Baptist Press, May 15, 2015)

Paul Langley, Liquidity Lost: The Governance of the Global Financial Crisis (Amazon book, 2015) is not a Christian author that I know of, but this book is invaluable as a record of how Anglo-American bankers and politicians defined the financial crisis of 2008. They defined it in terms of liquidity with regards to themselves (to which the answer was "quantitative easing"), but in terms of risk of default with regards to Greece (to which the answer was "austerity"). This suggests that some people get to define problems and solutions for political reasons.

Rebecca Robbins, Churches Step In With Alternative to High-Interest, Small-Dollar Lending Industry (Washington Post, Jan 9, 2015)

Kerry Bolton, Tradition and Usury: The Perennial Conflict (Katehon blog, Feb 16, 2016)

Katehon, Current World Debt Crisis and Its Geo-Economic Implication (Katehon, Apr 8, 2016)

Katehon, Russian Orthodox Church Against Liberal Globalization, Usury, Dollar Hegemony, and Neocolonialism (Katehon, May 26, 2016)

Rodney Foxworth, Do Good by Giving Up More: A Vision of Restorative Investing (Medium, Nov 26, 2018) is not a Christian author that I know of, but incredibly valuable and stimulating

Ed Mazza, Alexandria Ocasio-Cortez Challenges Religious Right on Specific Bible Passages (Huffington Post, May 17, 2019) re: usury; but she defines “usury” as “excessive” interest rates, not “any” rate, which is the truly biblical definition; nevertheless, AOC engages the conservative Christians on the right grounds. Callum Paton, Alexandria Ocasio-Cortez Is Right - The Bible Denounces High Interest Rates (Newsweek, May 17, 2019) does a better job reporting the biblical and quranic background, covering Judaism, Christianity, and Islam, but the title is nevertheless inaccurate

Christian restorative justice, Banking, and Finance: Topics

Christian restorative justice critique of the right: domestic policy topics

Christian restorative justice critique of the right: philosophical influences