Journal of Business Ethics 106 (3):383-387 (2012)

Usury, charging a higher interest rate than thought by some to be “fair,” has had and still has, a bad press. Historically, it was heavily punished. It was then, and all too often is now, thought to be exploitative. Yet, as even the most economically unsophisticated must realize, both sides of these transactions must necessarily gain at least in the ex ante sense, otherwise one or the other would refuse to enter into the deal in the first place. The present paper is an attempt to justify the practice of charging interest on loans, at any rate agreeable to both borrowers and lenders
Keywords Usury  Free enterprise  Economic freedom  Borrowing  Lending
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DOI 10.1007/s10551-011-1003-x
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When and Why Usury Should Be Prohibited.Robert Mayer - 2013 - Journal of Business Ethics 116 (3):513-527.
The Cost of Usury.Robert Mayer - 2013 - Business Ethics Journal Review:44-49.

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