Clean slate

Children

Economist Michael Hudson maintains that the Biblical legislation of the Jubilee and Sabbatical years addressed the same problems encountered by these Babylonian kings, but the Biblical formulation of the laws presented a significant advance in justice and the rights of the people. This was due to the "clean slates" now being codified into law, rather than relying on the whim of the king. Furthermore, the regular rhythm of the Sabbatical and Jubilee years meant that everyone would know when the next release was due, thereby giving fairness and equity to both creditor and debtor.[25][26] Hudson therefore maintains that not only was the Levitical legislation a significant advance over the prior attempts to deal with indebtedness, but this legislation was also eminently practical, in contradiction to many Biblical interpreters who are not economists and who have labeled it "utopian".