Announcing “Something for Nothing? An Explanation and Defence of the Scholastic Position on Usury”

Usury is a topic with a long and complex history. While it is typically understood today as the practice of charging excessive interest, this is a far cry from the meaning given to it by ancient and medieval authors, who considered the charging of any interest on a mutuum (a loan of such things as are estimated by weight, number, or measure) to be usury.

Finding a thorough, coherent, and believable explanation for so monumental a difference in outlook has been nearly impossible—until David Hunt’s new work, Something for Nothing? An Explanation and Defence of the Scholastic Position on Usury (number 14 in the Os Justi Studies in Catholic Tradition series). Hunt explains and defends the traditional view that usury is a charge for something that does not exist and is therefore a form of theft. Indeed, usury begets a form of chattel slavery, since charging interest on a mutuum is an attempt to profit by treating the borrower as the lender’s property.

Announcing And Rightly So—Selected Letters and Articles of Neil McCaffrey

The name of Neil McCaffrey (1925–1994) will be familiar to those who have followed the fortunes and trials of the conservative movement in the United States, as well as to long-time readers of Rorate Caeli, which has featured a number of his outstanding occasional writings: his ever-relevant “Memorandum on Papal Cheerleaders” from February 1976; his incisive essay “Archbishop Lefebvre, Pope Paul VI, and Catholic Tradition” from 1977; a couple of his personal letters (1, 2) on the meaning of true charity and how it coexists with right judgment; and a letter exchange with Msgr. Eugene Clark on the superiority and insuppressibility of the old Mass.

Born in Rye, NY and a lifetime resident of Pelham, Neil McCaffrey was the founder of Conservative Book Club and Arlington House Publishers, which he ran for decades, and a respected behind-the-scenes political organizer who knew everyone, collaborating especially with William F. Buckley, Jr., and others at National Review. Neil was also a knowledgeable enthusiast of old films and the music of the 1920s, 30s, and 40s, an enthusiasm reflected in his founding of the Nostalgia Book Club in 1968 and his leading of the Movie Entertainment Book Club from 1978. Above all, Neil was a faithful and well-educated Catholic who saw what was happening to the Church because of the Vatican II revolution, and who spoke with unusual eloquence in defense of the orthodox Faith.

Book Notice: Thomas Storck, From Christendom to Americanism and Beyond