This article makes the normative case against usury, defined in the article as any interest on a loan. It argues that usury legitimises bondage of the borrower to the lender through debt. Based on this radicalised understanding of usury, it is further argued that usury facilitates debt accumulation, as well as fosters irresponsible lending and borrowing. It considers the counter-arguments of moral hazard, adverse selection and efficiency, concluding that it remains that the better view is that usury should be prohibited altogether. The article proposes a law to criminalise usury, as well as critically examining this proposed law and its rationale
Article by Dr Warren Swain and Karen Fairweather, School of Law, Durham University published in Amic...
This article studies the effects of interest rate restrictions on loan allocation. The British gover...
This paper shows that if moral hazard leads to credit rationing, an appropriate usury law must raise...
This article builds on the argument that the usury solution is flawed and urges a compromise between...
This article analyzes recent proposals to regulate credit card interest rates on a national scale. T...
In Western economies, the charging of interest for loans is just something that is rarely questioned...
Vita.The concept of usury is found in Western man's earliest writings on ethical principles, e.g. th...
One of the differences of the sharia finance and the conventional counterpart is that the former doe...
Usury law is often criticized by economists for curtailing lending and thus creating deadweight cost...
This paper shows that if moral hazard leads to credit rationing, an appropriate usury law must raise...
Usury regulations focus both on explicit recommendations, such as disclosure statements in lending a...
Usury regulations focus both on explicit recommendations, such as disclosure statements in lending a...
This Note examines both the original and current purposes of general usury ceilings and evaluates th...
International audienceTheorizing interest in Scholastic economic thought can be viewed as a by-produ...
From a legal point of view, the usury rate is an abnormally high rate in relation either to a maximu...
Article by Dr Warren Swain and Karen Fairweather, School of Law, Durham University published in Amic...
This article studies the effects of interest rate restrictions on loan allocation. The British gover...
This paper shows that if moral hazard leads to credit rationing, an appropriate usury law must raise...
This article builds on the argument that the usury solution is flawed and urges a compromise between...
This article analyzes recent proposals to regulate credit card interest rates on a national scale. T...
In Western economies, the charging of interest for loans is just something that is rarely questioned...
Vita.The concept of usury is found in Western man's earliest writings on ethical principles, e.g. th...
One of the differences of the sharia finance and the conventional counterpart is that the former doe...
Usury law is often criticized by economists for curtailing lending and thus creating deadweight cost...
This paper shows that if moral hazard leads to credit rationing, an appropriate usury law must raise...
Usury regulations focus both on explicit recommendations, such as disclosure statements in lending a...
Usury regulations focus both on explicit recommendations, such as disclosure statements in lending a...
This Note examines both the original and current purposes of general usury ceilings and evaluates th...
International audienceTheorizing interest in Scholastic economic thought can be viewed as a by-produ...
From a legal point of view, the usury rate is an abnormally high rate in relation either to a maximu...
Article by Dr Warren Swain and Karen Fairweather, School of Law, Durham University published in Amic...
This article studies the effects of interest rate restrictions on loan allocation. The British gover...
This paper shows that if moral hazard leads to credit rationing, an appropriate usury law must raise...
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