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Accounting History, Vol. 13, No. 2, 207-226 (2008)
DOI: 10.1177/1032373207088179

The biblical jubilee: old wineskin for a new wine?

Lee Moerman

University of Wollongong, Lee_Moerman{at}uow.edu.au

In the Biblical Old Testament a religious framework, Jubilee Law, provides a mandated procedure for dealing with the indebted Hebrew and his property. 1 Emerging from Mosaic Law, this framework is based on alternative perspectives of stewardship and societal economic relationships to the current domination of neo-liberalism in supranational organizations, in particular the international financial institutions. Themes and concepts emerging from Jubilee Law can offer the critical accounting literature a theological lens to critique accounting in the current global arena, especially the debt crisis of poor countries. A theological perspective, grounded in laws that protect the economically vulnerable, provides an alternative emancipatory discourse which has resonated with activist groups and others, and which challenges and critiques contemporary economic practices and offers an ethical framework for mandating social justice.

Key Words: Accountability • bankruptcy • Jubilee Law • theological perspective


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