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| Vix pervenit Latin for 'It has hardly reached' Encyclical of Pope Benedict XIV | |
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| Signature date | 1 November 1745 |
| Subject | On usury |
| Number | 2nd of the pontificate |
| Text | |
Vix pervenit is an encyclical, promulgated by Pope Benedict XIV on 1 November 1745, which condemned the practice of charging interest on loans as usury. Because the encyclical was addressed to the bishops of Italy, it is generally not considered ex cathedra.[1][2] The Holy Office applied the encyclical to the whole of the Roman Catholic Church on 29 July 1836, during the reign of Pope Gregory XVI.[1][2]
The encyclical codified church teachings which date back to early ecumenical councils, at a time when scholastic philosophy (which did not regard money as a productive input) was increasingly coming into conflict with capitalism.
- ^ a b Herbermann, Charles, ed. (1913). . Catholic Encyclopedia. New York: Robert Appleton Company.
- ^ a b Turner, Bryan Stanley. 1999. Max Weber: Critical Responses. Routledge (UK). ISBN 0-415-18473-8. p. 143.