Beggar Thy Neighbor
Title | Beggar Thy Neighbor PDF eBook |
Author | Charles R. Geisst |
Publisher | University of Pennsylvania Press |
Pages | 396 |
Release | 2013-04-15 |
Genre | Business & Economics |
ISBN | 0812207505 |
The practice of charging interest on loans has been controversial since it was first mentioned in early recorded history. Lending is a powerful economic tool, vital to the development of society but it can also lead to disaster if left unregulated. Prohibitions against excessive interest, or usury, have been found in almost all societies since antiquity. Whether loans were made in kind or in cash, creditors often were accused of beggar-thy-neighbor exploitation when their lending terms put borrowers at risk of ruin. While the concept of usury reflects transcendent notions of fairness, its definition has varied over time and place: Roman law distinguished between simple and compound interest, the medieval church banned interest altogether, and even Adam Smith favored a ceiling on interest. But in spite of these limits, the advantages and temptations of lending prompted financial innovations from margin investing and adjustable-rate mortgages to credit cards and microlending. In Beggar Thy Neighbor, financial historian Charles R. Geisst tracks the changing perceptions of usury and debt from the time of Cicero to the most recent financial crises. This comprehensive economic history looks at humanity's attempts to curb the abuse of debt while reaping the benefits of credit. Beggar Thy Neighbor examines the major debt revolutions of the past, demonstrating that extensive leverage and debt were behind most financial market crashes from the Renaissance to the present day. Geisst argues that usury prohibitions, as part of the natural law tradition in Western and Islamic societies, continue to play a key role in banking regulation despite modern advances in finance. From the Roman Empire to the recent Dodd-Frank financial reforms, usury ceilings still occupy a central place in notions of free markets and economic justice.
Beggar Thy Neighbor
Title | Beggar Thy Neighbor PDF eBook |
Author | Charles R. Geisst |
Publisher | University of Pennsylvania Press |
Pages | 401 |
Release | 2013-04-12 |
Genre | Business & Economics |
ISBN | 0812244621 |
From the Roman Empire to the most recent financial crisis, this comprehensive economic history examines humanity's attempts to curb the abuse of debt while reaping the benefits of credit.
Beggar Your Neighbours
Title | Beggar Your Neighbours PDF eBook |
Author | Joseph Hanlon |
Publisher | Indiana University Press |
Pages | 374 |
Release | 1986 |
Genre | History |
ISBN | 9780852553077 |
..". comprehensive in its coverage, exacting in its standards of description and interpretation, and almost faultless in its use of source material and existing literature... " -- Anti-Apartheid News ..". an excellent compendium of information on the military and economic power that South Africa applies in dealing with its neighbors." -- Foreign Service Journal ..". important for the shaping of Western policy toward South Africa." -- The Book Exchange ..". impressive... indispensable." -- Third World Book Review "This is a very important book." -- Social Dynamics Hanlon pieces together the details of South Africa's military attacks on its neighbors and relates them to the control the South African state exercises through its economic power.
Who Adjusts?
Title | Who Adjusts? PDF eBook |
Author | Beth A. Simmons |
Publisher | Princeton University Press |
Pages | 348 |
Release | 2020-03-31 |
Genre | Political Science |
ISBN | 0691210128 |
In this work Beth Simmons presents a fresh view of why governments decided to abide by or defect from the gold standard during the 1920s and 1930s. Previous studies of the spread of the Great Depression have emphasized "tit-for-tat" currency and tariff manipulation and a subsequent cycle of destructive competition. Simmons, on the other hand, analyzes the influence of domestic politics on national responses to the international economy. In so doing, she powerfully confirms that different political regimes choose different economic adjustment strategies.
Contributions to Modern Economics
Title | Contributions to Modern Economics PDF eBook |
Author | Joan Robinson |
Publisher | Academic Press |
Pages | 297 |
Release | 2014-05-10 |
Genre | Business & Economics |
ISBN | 1483263231 |
Contributions to Modern Economics includes contributions to two great intellectual upheavals in economic theory: the Keynesian Revolution and the revival of the classical theory of profits led by Piero Sraffa. The formation of prices in capitalist and socialist economies and of international trade is also discussed. The evolution of these ideas is linked to the personal and historical events that influenced them. Comprised of 24 chapters, this book begins by describing the second crisis of economic theory, which is related to the first crisis — the great slump of the 1930s. The reader is then introduced to the theory of money and the analysis of output; obstacles to full employment; and the concept of hoarding. Subsequent chapters explore capital, profits, and prices, with emphasis on the theory of capital, imperfect competition, and the theory of value. International trade, capitalism, and beggar-my-neighbor remedies for unemployment are also examined. This monograph should be of interest to economists.
Beggar-thy-neighbor Or Free-riding?
Title | Beggar-thy-neighbor Or Free-riding? PDF eBook |
Author | Wenbo Meng |
Publisher | |
Pages | 0 |
Release | 2022 |
Genre | |
ISBN |
Beggar My Neighbor
Title | Beggar My Neighbor PDF eBook |
Author | Emily Gerard |
Publisher | |
Pages | 300 |
Release | 1882 |
Genre | |
ISBN |