RT Article
T1 Interest, usury and time
JF Koers
VO 58
IS 3
SP 369
OP 374
A1 Tiemstra, J. P.
LA English
YR 1993
UL https://ixtheo.de/Record/1936634317
AB This paper argues that there are both ethical and economic reasons to support a normative claim that lower interest rales are preferable to higher ones. Biblical material as well as general ethical norms favours economic decisions that give a high weight to the future. High interest rates make the economy less stable, economic growth less sustainable, and the income distribution less equal. Policy directions are offered for government, business, and households.
DO 10.4102/koers.v58i3.713