Loan Interest as an Ideological Intention of the Capitalism

Asfar Askerovich Shaov, Vyacheslav Nurbievich Nekhay, Sergey Anatolyevich Titarenko, Zaur Makhmudovich Khachetsukov

Abstract


This paper considers the grounds for origin and development of the usurious nature of the capitalism phenomenon via social and economic analysis means. The place and role of the loan capital market in terms of replacement of the civilization paradigm and gradual ideological ‘cracking’ of traditional foundations of the Christian Europe, which happened under the market’s influence, and transition from the ‘religious man’ to the ‘economic man’ were defined. As a result, commercial relations between individual feudal territories expanded, along with municipal growth and trade and money relation development, as well as insulation and isolation of a feud was disrupted. There was a gradual shift from the conventional economic patterns, which looked like a closed self-sufficient household of a non-market structure and involving a number of spoken and unspoken rules, bringing different levels of its hierarchy together, towards a bourgeois (market), a system of highly specialized manufactures.

DOI: 10.5901/mjss.2015.v6n5s2p110


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This work is licensed under Creative Commons Attribution 3.0 License.

Mediterranean Journal of Social Sciences ISSN 2039-9340(Print) ISSN 2039-2117(Online)

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