The document discusses Jewish business ethics and traditions around money lending. It notes that historically Jewish tradition prohibited charging interest on loans to fellow Jews. It provides biblical sources that discourage putting obstacles in front of the blind or imposing on the poor. The document also discusses ethical treatment of debtors and paying workers promptly. Overall it examines how ancient Jewish financial principles around fairness, charity and dignity might apply to modern business.
Definition of proselyte from http://en.wikipedia.org/wiki/Proselytes A righteous proselyte[5] was a Gentile who had converted to Judaism, was bound to all the doctrines and precepts of the Jewish economy, and was considered a full member of the Jewish people. They were to be circumcised and immersed in a mikvah should they wish to eat of the Passover sacrifice. A gate proselyte[6] was a "resident alien" who lived in the Land of Israel and followed some of the customs. They were not required to be circumcised nor to comply with the whole of the Torah. They were bound only to conform to the so-called seven precepts of Noah, the Noahide Laws: do not worship idols, do not blaspheme God's name, do not murder, do not commit immoral sexual acts, do not steal, do not tear the limb from a living animal, and do not fail to establish courts of justice. Besides these laws, however, they were also required to abstain from work on the Sabbath, and to refrain from the use of leavened bread during the time of the Passover.
Discussion of Interest Chapter 7 in Meir Tamari’s In the Marketplace: Jewish Business Ethics ,
Nicholas Poussin (1633) Painting http://www.nationalgallery.org.uk/cgi-bin/WebObjects.dll/CollectionPublisher.woa/wa/work?workNumber=NG5597 Moses Breaking the Tablets of the Law by Gustave Dore (1865) http://en.wikipedia.org/wiki/File:Moses_dore.jpg
Image of Golden Calf http://scatt.bilegrip.com/goldencalf.jpg Edward G. Robinson as Dathan in the 10 Commandments http://farm4.static.flickr.com/3492/3228547410_fc5815fe00.jpg?v=0 and http://farm4.static.flickr.com/3497/3232300099_0c00798d5e.jpg?v=0 Edward G. Robinson as Dathan and Yul Brynner as Rameses http://farm4.static.flickr.com/3130/3225597774_c5ea21490f.jpg?v=0 Charleton Heston as Moses http://farm4.static.flickr.com/3358/3227694579_5065bc5e13.jpg?v=0 Palace Scene http://farm4.static.flickr.com/3463/3225577574_abd1a8c2f0.jpg?v=0
Timeline from http://www.juntosociety.com/histtimeline/BC.html 1300 BCE Mpses received 10 Commandments 500 BCE Torah 39 Books of Moses completed Timeline from http://www.bibletruths.net/Archives/BTAR199.htm 1571 BCE Moses born 1549 BCE Moses receives 10 Commandments after leaving Eqypt 398 BCE Torah 39 Books of Moses completed Cow/Calf Drachmas from Apollonia and Dyrrhachium http://www.geocities.com/asklapiadas/#Symbolism The best-known, long series of cow/calf type silver drachms were produced from the end of the third century till the first half of the first century BC, the picture shows one of these from Apollonia. From before 500BCE, Gorgon head & bull from Eretria The Gorgoneion and Bull’s head may be symbols of the worship of Artemis Amarysia, a Moon-goddess (?) whose sanctuary near Eretria remained, down to a late date, a kind of Amphictyonic centre for all central and southern Euboea. http://snible.org/coins/hn/euboea.html From 229 BCE, Cow & Calf from Appolonia http://www.forumancientcoins.com/moonmoth/coins/apollonia_001.html and http://www.forumancientcoins.com/moonmoth/coins/pics/apollonia/apollonia_001.jpg
President Barack Obama and First Lady Michelle Obama walk down Pennsylvania Avenue enroute to the White House, Tuesday, Jan. 20, 2009. Photo/Doug Mills, New York Times http://www.whca.net/mills-obama-walking960.jpg 389 years of progress http://www.wallstats.com/389yearsago/
NY Times photo of Bernard Madoff, right, in 1993 at a House hearing with David S. Ruder, formerly of the S.E.C., center, and Richard Grasso of the New York Stock Exchange http://graphics8.nytimes.com/images/2009/01/25/business/25bernie.large2.jpg New York Magazine cover of Bernie Madoff http://blogs.villagevoice.com/runninscared/NYMadoff.jpg Conde Nast Portfolio http://www.iliketotellstories.com/uploaded_images/Madoff_cover.jpg NY Post Cover http://www.jewishchronicle.org/article_image/000690-madoffnypost.jpg
Image Source http://www.newyorker.com/images/2008/12/22/p233/081222_r18074_p233.jpg Bailout amounts Job losses http://blogs.wsj.com/economics/2009/01/09/worst-year-since-1945-with-more-pain-to-come/trackback/ More banks will fail http://blogs.wsj.com/marketbeat/2009/01/06/banks-credit-quality-expected-to-worsen/trackback/ Decline in residential & commercial property markets http://online.wsj.com/article/SB123085781068147847.html Unemployment rate http://www.bls.gov/news.release/pdf/empsit.pdf Off the cliff REITs http://online.wsj.com/article/SB123067570012543757.html?mod=loomia&loomia_si=t0:a16:g2:r1:c0.034484:b0 Stock market losses http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=ataVotdLreS0
Inspired by Moses Pava’s Business Ethics a Jewish Perspective : Why we fail at business ethics and how we might succeed, p. 39
SEC knew of Madoff scam since 1999 http://www.sec.gov/news/press/2008/2008-297.htm
Manning & Morris, The Ancient Economy p.86, cites Polanyi’s Great Transformation & Our Osolete Market Mentality for conclusion that society uses 3 main mechanisms to provide citizens goods & services
Environmentalism http://www.jlaw.com/Articles/environmentbible2.pdf Geneivat da'at http://www.jlaw.com/Articles/geneivatdaat.html Healthy competition http://www.jlaw.com/Articles/hasagatgevul.html Stumbling block before the blind http://www.jlaw.com/Articles/placingstumbling.html Interest limits http://www.jlaw.com/Articles/venture_notes.html#Note5 Bad advice/sin http://www.jlaw.com/Articles/interestAndTheBlindBorrower.pdf
Copyright 2009 Urban Logic, Inc. All rights reserved. Jeff Hawkins Talk: http://www.ted.com/index.php/talks/view/id/125 David Pogue Talk: http://www.ted.com/index.php/talks/view/id/7 Jan Chipchase http://www.ted.com/index.php/talks/view/id/190 Murray Gell-Mann: http://www.ted.com/index.php/talks/view/id/194 Jacqueline Novogratz: http://www.ted.com/index.php/talks/view/id/157 Larry Lessig http://www.ted.com/index.php/talks/view/id/187 James Howard Kunstler http://www.ted.com/index.php/talks/view/id/121 Nora York http://www.ted.com/index.php/talks/view/id/81 Eddi Reader http://www.ted.com/index.php/talks/view/id/110 Chris Anderson http://edge.org/q2007/q07_1.html#andersont
Ashraf Ghani estimated 90% of foreign aid in Afghanistan was wasted http://www.rawa.org/rebuild2.htm George Ayittey http://www.utexas.edu/conferences/africa/ads/943.html
Wall Stats http://img297.imageshack.us/img297/5927/wallstatsdatlarge.jpg Obama & Geitner http://www.zimbio.com/pictures/U2oCIv9xlmV/President+Obama+Makes+Remarks+Tax+Reform/xoHW6-BWX3I/Timothy+Geithner