A Defence Of Usury (Hardcover) (ISBN-13: 9781169225237)

""A Defence of Usury"" is a book written by Jeremy Bentham in 1787. The book is an argument in favor of the practice of usury, which is the lending of money with an interest rate attached. Bentham argues that usury is not inherently immoral or unethical, but rather a necessary and beneficial practice for both lenders and borrowers. He contends that usury allows for greater access to credit, which in turn promotes economic growth and prosperity. Bentham also addresses common arguments against usury, such as the idea that it exploits the poor or that it is contrary to religious teachings. He counters these arguments by pointing out the benefits of usury and the fact that lending and borrowing are voluntary transactions between consenting parties. Overall, ""A Defence of Usury"" is a thought-provoking and well-reasoned argument for the legitimacy of usury as a financial practice.The first, I shall mention, is that of precluding so many people, altogether, from the getting the money they stand in need of, to answer their respective exigencies. Think what a distress it would produce, were the liberty of borrowing denied to every body: denied to those who have such security to offer, as renders the rate of interest, they have to offer, a sufficient inducement, for a man who has money, to trust them with it.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

Author: Jeremy Bentham
ISBN-10: 1169225233
ISBN-13: 9781169225237
Publisher: Kessinger Publishing
Language: English
Published: 09/10/2010
Pages: 78
Format: Hardcover
Weight: 0.79lbs
Size: 10.00h x 7.00w x 0.25d