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You asked

how did the israelite 'release' compare to other ancient near eastern debt remission practices in practice?

The passage, plainly, with room to sit with it.

Deuteronomy 15:1-2

At the end of every seven years you shall make a release. This is the law of the release: every creditor shall release that which he has lent to his neighbor. He shall not exact it of his neighbor and his brother, because Yahweh’s release has been proclaimed.

This passage is from the book of Deuteronomy, presented as Moses' farewell speeches to the Israelites before they enter the promised land. It outlines laws for how they are to live as a distinct people under God's covenant, including principles for economic and social justice, such as this instruction regarding debt release.

What might it mean to build a society where collective well-being periodically overrides individual financial claims?

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Read alongside it

  • Leviticus 25:8-12

    Describes the Jubilee year, a larger cycle of release that included land and enslaved persons, showing a broader pattern of socio-economic reset.

  • Nehemiah 5:1-13

    Illustrates a historical instance where Israelites faced economic hardship, leading to widespread debt and calls for remission, showing the practical challenges of such laws.

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