RT Article
T1 Money Does Not Grow on Trees: An Argument for Usury
JF Journal of business ethics
VO 106
IS 3
SP 383
OP 387
A1 Labat, Alyssa
A1 Block, Walter 1941-
A2 Block, Walter 1941-
LA English
YR 2012
UL https://ixtheo.de/Record/1785644440
AB Usury, charging a higher interest rate than thought by some to be “fair,” has had and still has, a bad press. Historically, it was heavily punished. It was then, and all too often is now, thought to be exploitative. Yet, as even the most economically unsophisticated must realize, both sides of these transactions must necessarily gain at least in the ex ante sense, otherwise one or the other would refuse to enter into the deal in the first place. The present paper is an attempt to justify the practice of charging interest on loans, at any rate agreeable to both borrowers and lenders.
K1 E51
K1 E4
K1 Lending
K1 Borrowing
K1 Economic Freedom
K1 Free Enterprise
K1 Usury
DO 10.1007/s10551-011-1003-x