The Veritas Forum at Oxford University
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Losing Interest?

Imagining a Financial System without Debt

May 3, 2012 at 07:30 PM
St. John's College
Presenters: Paul Mills, Former Senior Policy Advisor, UK Treasury; Advisory Board Member, Jubilee Centre, Cambridge
Jenny Corbett, Reader in the Economy of Japan, Oxford University
Colin Mayer, Peter Moores Professor of Management Studies, Saïd Business School, Oxford University

We seem to be addicted to interest-bearing debt. Students, house-buyers, consumers, companies, countries. We all use it. But what does it do to us? And could we live without it? Paul Mills presents a reading of the Bible and the Jewish, Christian, and Muslim teachings on finance that lead us to a radical new understanding of a world with much less debt. Along the way, Mills argues that understanding debt can help us get a picture of the true core message of the Christian faith. Profs. Jenny Corbett and Colin Mayer respond and bring their own perspectives to the moderated discussion and q&a.


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