The Jubilee Principle Though I am not conventionally religious, I must admit that the only place I have come across this principle as applied to an economy is in the Biblical law of the Jubilee.

The Law of The Jubilee decreed that every 50th year, all land would revert unconditionally to its original owners or their descendants. One could therefore only sell his birthright land - the fundamental means of producing his family's needs of life - to another on what was in effect a maximum of a 49-year lease.

It effectively limits the extent to which the possession of land can become polarised within a society.