Answer to Question #143427 in Economics for Neba

Question

With breed explanation, state the concession of exception that forced the theologians to deviate from their prohibition of taking interest on loan at the end of the medieval period.

Answer 1

The end of the medieval period is characterized by the growth of specialization. For theologians, the existence of funds for the functioning of institutions of the theological sense was of fundamental importance. Since at that time the emergence of the modern banking system was taking place, theologians had to deviate from the previously declared postulates, otherwise this would lead to the decline of their system.