Managing Financial Resources in Late Antiquity - Greek Fathers' Views on Hoarding and Saving

von: Gerasimos Merianos, George Gotsis

Palgrave Macmillan, 2018

ISBN: 9781137564092 , 263 Seiten

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Managing Financial Resources in Late Antiquity - Greek Fathers' Views on Hoarding and Saving


 

Managing Financial Resources in Late Antiquity

4

Contents

6

Abbreviations

8

Chapter 1 Introduction and Acknowledgements

13

Chapter 2 Historical Background: Early Christian Conceptions of Hoarding

26

The New Testament World: Social and Economic Context

26

Intellectual Encounters: The Greek and Roman Literature on Household Management

28

Conceptualizing Hoarding

30

The Synoptic Gospels: Hoarding as Endemic to Human Acquisitiveness

30

The Excesses of Wealth Accumulation

32

Framing Early Christian Rhetoric on Hoarding

33

Hoarding Denounced: Wealth Employed to Perpetuate Injustice

33

Hoarding Mitigated Through Circulation of Surplus: Alleviating the Needy in Paul

34

Hoarding Abolished: The Ideal of Sharing Possessions

36

Hoarding as a Morally Perilous Practice

37

Hoarding as a Socially Detrimental Practice: Delivering Hoarders to Divine Judgment

38

Hoarding as the Corollary of Rapid Economic Growth: Endangering Faithfulness to Christ

39

Hoarding as a Form of Alienation from Fellow Believers: The Need for Benevolent Aid

40

Chapter 3 Justifying Savings but not the Pursuit of Wealth: Contradictions, Tensions and Accommodations in Early Patristic Texts

53

Economic Pursuits in the Graeco-Roman Urban Centres: The Social Setting

53

Glimpses of Hoarding and Saving in Graeco-Roman Literature of the Imperial Period

54

Justification and Distribution of Surplus

56

Work Ethic, Business Activities and Trade

56

The Justification of Moderate Prosperity

59

An Organicist View of Society

61

Welcoming the Rich

63

The Framework of Christian Discourse on Savings

66

Universalizing Moral Exhortations for Charity

66

Two Distinct Models of Almsgiving

68

Motives for Almsgiving

70

Chapter 4 Savings for Redistributive Purposes: Stewardship of Wealth in the Teachings of Basil of Caesarea and John Chrysostom

83

Sketching Out the Setting: New Responsibilities and Challenges

83

Aspects of Basil of Caesarea’s Views on Property and Wealth

87

Famine in Cappadocia, 368/9

87

Private Vs. Common Property, Hoarding Vs. Sharing

90

Institutionalizing Poverty Relief: Basil’s Pt?chotropheion and the Bequest of Gregory of Nazianzus

92

Delineating John Chrysostom’s Views on Hoarding

95

The Ideals of Self-sufficiency and Stewardship of Wealth

95

The Monastic Stewardship Paradigm

99

Hoarding as a Socially and Individually Inefficient Practice

101

A Call for Almsgiving

102

Usury in Basil of Caesarea and John Chrysostom

106

Chapter 5 Fifth-Century Patristic Conceptions of Savings and Capital: Isidore of Pelusium and Theodoret of Cyrrhus

126

Isidore of Pelusium

126

Pelusium

127

Isidore’s Attitude Toward Wealth: Benefaction vs. Accumulation and Luxury Consumption

128

Theodosius II Exhorted to Disperse Wealth

130

Mismanagement of Church Property: “Who Watches the Watchers?”

131

Eusebius, Bishop of Pelusium

133

Two of Eusebius’ Accomplices

135

Presbyter Zosimus

135

Martinianus the Oikonomos

136

An Assessment of Isidore’s Accusations of Ecclesiastical Mismanagement

138

Theodoret of Cyrrhus

141

Theodoret as a Civic Patron

141

Theodoret as a Mediator

144

Wealth, Poverty and Divine Providence

145

Economic Exchange Viewed as Social Cooperation

148

Theodoret’s Conception of Social Dynamics: An Appraisal

151

Chapter 6 Contextualizing Patristic Concepts of Hoarding and Saving

168

Economic, Monetary and Social Transformations

168

Debasements, Inflation and Reforms in an Age of Crisis

168

Shifting Gradually into the “Byzantine” World

171

The Constantinian Solidus: A Lever for Change

173

The Emperor as the “Lord of the Gold”

175

Imperial Reserves

176

The Formation of a “Golden” Elite

178

Melania the Younger: A Case Study of a Super-Rich Person’s Divestment

183

The First Steps of Divestment: Italy

183

The Role of Imperial Intervention in the Sale of the Couple’s Property

185

Melania’s “Poverty”

186

Coveted Patrons in Africa

187

The African Bishops’ Advice: A Turning Point in the Couple’s Benefaction

188

Transferring Monetary Capital in the Mediterranean

191

Chapter 7 Conclusions

205

Bibliography

214

Index

247