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Author: Martin Luther
Publisher:
ISBN:
Category : Christian ethics
Languages : en
Pages : 92
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Author: Martin Luther
Publisher:
ISBN:
Category : Christian ethics
Languages : en
Pages : 92
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Book Description
Author: Martin Luther
Publisher: Theclassics.Us
ISBN: 9781230269177
Category :
Languages : en
Pages : 34
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1897 edition. Excerpt: ... ON TRADE AND USURY.1 AN ADDRESS BY DOCTOR MARTIN LUTHER. TRANSLATED BY W. H. CARRUTH. THE HOLY GOSPEL condemns and points out all sorts of works of darkness, as Saint Paul calls them, Romans, 13, 12; for it is a bright light that shines for all the world, and teaches how evil are the works of the world, and shows the right works which one should do towards God and his neighbor. Wherefore certain among the merchants have aroused themselves and become aware that in their occupation many evil tricks and harmful practices are in use, and that there is fear, it is true here, as Solomon the preacher says, that merchants can scarcely live without sin. Yea, I believe the saying of St. Paul strikes here, I. Timothy, 6, 10: 1 Martin Luther's address on " Trade and Usury " exhibits on the one hand his implicit faith in the Gospel, and on the other hand an unusual perspicacity and common sense. The way in which he reconciles the one with the other, where apparently they come into conflict, does honor to both his religious earnestness and his insight into the conditions and practical demands of life. Luther accepts Christ's ethics of non-resistance to evil, of lending where there is no hope of recovery, and of giving freely to those in need. These maxims, however, are practicable only in a society where all people are good Christians. If they were indiscriminately applied in this actual world of ours, which must be governed by a strong hand, the bad would soon take advantage of the pious and presume upon their patience. Luther therefore comes to the conclusion that business should be conducted strictly on cash terms with a view to reasonable profits. How little Luther would have people yield to goodnaturedness or sentimentality appears from his...
Author: Martin Luther
Publisher: Anthem Press
ISBN: 1783083859
Category : History
Languages : en
Pages : 241
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This volume presents Martin Luther’s contribution to the modern economic sciences, providing a detailed introduction and revised translation of his major pamphlet on economic matters, ‘On Commerce and Usury’ (‘Von Kauffshandlung vnd Wucher’, 1524). In his teachings on indulgences Luther picked up on the question of hoarding money, and was among the earliest voices in early modern Europe calling for an ‘ethical’ economics. Luther’s work prefigured many later contributions to modern economic theory, from the mercantilists and cameralists to the German Historical School.
Author: James GALLATIN
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Author: James Gallatin
Publisher: Forgotten Books
ISBN: 9781331519751
Category : Business & Economics
Languages : en
Pages : 28
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Excerpt from An Address on the Subject of the Usury Laws: An Answer to the Hon. John Whipple, of Rhode Island The pamphlet of Mr. Whipple, on the Usury Laws, demands our attention, from the importance of the subject, and from the claim made by the advocates of stringent usury laws, of his having treated the question with great ability; moreover, his pretensions in the outset are of a nature to excite no inconsi derable degree of expectation. He lays down the object of his treatise in the following words: To make an attempt to re move the prejudices which prevail (to a limited extent) among some men in trade, on account of the gross misrepresentations which have been made by Mr. Bentham, and others of his school, I am satisfied that most men have not given them selves the trouble of investigating the true policy and design of those laws, nor the principle upon which they are founded.' It is not my intention to attempt to demonstrate all the fal lacies with which his treatise everywhere abounds. It cannot be considered as an investigation merely tinctured with doubt ful or erroneous theory, but as a collection of positions, all of them either self-evident or obviously false, and founded on errors which the slightest attention is sufficient to detect. This is my fair and candid opinion, and I can scarcely doubt that it will also be that of every man who reads his pamphlet, with any reasonable knowledge of the subject. He has proceeded upon the common idea, that money is not the product of labor, but is brought into existence solely by the action of govern ment that it has no inherent value of itself; that the stamp of the government upon it is not a certificate as to the quantity of pure silver or gold contained in each coin respectively, but merely makes it a representative or test of the value of other articles. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Charles R. Geisst
Publisher: University of Pennsylvania Press
ISBN: 0812207505
Category : Business & Economics
Languages : en
Pages : 396
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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.
Author: Jeremy Bentham
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 54
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Author: Stephen Alford
Publisher: Bloomsbury Publishing USA
ISBN: 1620408236
Category : History
Languages : en
Pages : 411
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The dramatic story of the dazzling growth of London in the sixteenth century. For most, England in the sixteenth century was the era of the Tudors, from Henry VII and VIII to Elizabeth I. But as their dramas played out at court, England was being transformed economically by the astonishing discoveries of the New World and of direct sea routes to Asia. At the start of the century, England was hardly involved in the wider world and London remained a gloomy, introverted medieval city. But as the century progressed something extraordinary happened, which placed London at the center of the world stage forever. Stephen Alford's evocative, original new book uses the same skills that made his widely-praised The Watchers so successful, bringing to life the network of merchants, visionaries, crooks, and sailors who changed London and England forever. In a sudden explosion of energy, English ships were suddenly found all over the world--trading with Russia and the Levant, exploring Virginia and the Arctic, and fanning out across the Indian Ocean. The people who made this possible--the families, the guild members, the money-men who were willing to risk huge sums and sometimes their own lives in pursuit of the rare, exotic, and desirable--are as interesting as any of those at court. Their ambitions fueled a new view of the world--initiating a long era of trade and empire, the consequences of which still resonate today.
Author: John Augustus Bolles
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 84
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Author: Alexander Del Mar
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 16
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