18.8 Business and Policy Application: Usury Laws: The practice of charging interest on money that is lent
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18.8 Business and Policy Application: Usury Laws: The practice of charging interest on money that is lent by one party to another, while commonplace now, has been historically controversial. Major religions have prohibited the charging of interest in the past (and some do so today), and governments have often codified this moral objection to interest in what is known as usury laws that limit the amount of interest that individuals can charge one another.
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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