In the era of the Enlightenment public and private credit relations became ever more complex and widespread. At the same time the study of political economy developed, gradually aspiring to the status of a science.Savants subjected debt to thorough analysis.
Dr Spyros Marchetos The poor indebted again Indebtedness in Antiquity arose out of stark power relations, with the weaker owing to the stronger debt, taxes, or tribute. It became more tricky with the development of the modern territorial state, roughly in the first two centuries of the capitalist system, let’s say from around 1500…
