Writing for "This Rock" magazine, David Palm argued with a more holistic approach, taking into account Mosaic Law, the teaching of Jesus, the above-mentioned Fifth Lateran Council, development of economic sciences and especially the development of the practical economy since the Industrial Revolution, that the old economic mentality, expressed in "Vix Pervenit", simply fails to capture the entire complexity of the modern world. The Fifth Lateran Council (1515) defined usury as follow: "For, that is the real meaning of usury: when, from its use, a thing which produces nothing is applied to the acquiring of gain and profit without any work, any expense or any risk." According to Palm, the sin of usury as defined by the Fifth Lateran Council dogmatically still exists in the Catholic Church, but the nature of financial transaction has changed compared to the time of the Fifth Lateran Council: "A loan that was usurious at one point in history, due to the unfruitfulness of money, is not usurious later, when the development of competitive markets has changed the nature of money itself."