This original study concerns itself with the manumission laws of Exodus 20, Deuteronomy 15 and Leviticus 25. It begins with the social background to debt slavery and the socioeconomic factors encouraging the rise of debt slavery in Mesopotamia. After a comparative analysis of the Mesopotamian and biblical material Chirichigno examines the social background to debt slavery in Israel, the various slave laws in the Pentateuch (in order to delimit the chattel-slave laws from the debt-slave laws), and the biblical manumission laws themselves.

Examining the causes of the acute Latin American debt crisis that began in mid-1982, North American analysts have typically focused on deficiencies in the debtor countries’ economic policies and on shocks from the world economy. Much less emphasis has been placed on the role of the region’s principal creditors–private banks–in the development of the crisis. Robert Devlin rounds out the story of Latin America’s debt problem by demonstrating that the banks were an endogenous source of instability in the region’s debt cycle, as they overexpanded on the upside and overcontracted on the downside.

Originally published in 1993.

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