Author: Andrew McDiarmid
Publisher: Taylor & Francis
ISBN: 1040251625
Category : Business & Economics
Languages : en
Pages : 120
Book Description
From the last decades of the seventeenth century until the beginning of the twentieth, the tontine, in one form or another, was a ubiquitous financial instrument. As a revenue-raising tool of governments it supported the cost of war, and as a private capital-raising instrument it provided funding for civic improvement and urban development projects. While the tontine is known today mainly through fictional works (Robert Louis Stevenson, Agatha Christie, and The Simpsons among others), this book tells the history of how it evolved from a public revenue-raising scheme into a popular private investment and infrastructure financing tool, before it was displaced by cheaper forms of borrowing. Focusing on the early development of the tontine, and with European and North American case studies, the narrative brings to life the story of a little-understood financial innovation. This concise and engaging book is an ideal introduction to the history of the tontine for all readers interested in financial history.
The Tontine: A History
Author: Andrew McDiarmid
Publisher: Taylor & Francis
ISBN: 1040251625
Category : Business & Economics
Languages : en
Pages : 120
Book Description
From the last decades of the seventeenth century until the beginning of the twentieth, the tontine, in one form or another, was a ubiquitous financial instrument. As a revenue-raising tool of governments it supported the cost of war, and as a private capital-raising instrument it provided funding for civic improvement and urban development projects. While the tontine is known today mainly through fictional works (Robert Louis Stevenson, Agatha Christie, and The Simpsons among others), this book tells the history of how it evolved from a public revenue-raising scheme into a popular private investment and infrastructure financing tool, before it was displaced by cheaper forms of borrowing. Focusing on the early development of the tontine, and with European and North American case studies, the narrative brings to life the story of a little-understood financial innovation. This concise and engaging book is an ideal introduction to the history of the tontine for all readers interested in financial history.
Publisher: Taylor & Francis
ISBN: 1040251625
Category : Business & Economics
Languages : en
Pages : 120
Book Description
From the last decades of the seventeenth century until the beginning of the twentieth, the tontine, in one form or another, was a ubiquitous financial instrument. As a revenue-raising tool of governments it supported the cost of war, and as a private capital-raising instrument it provided funding for civic improvement and urban development projects. While the tontine is known today mainly through fictional works (Robert Louis Stevenson, Agatha Christie, and The Simpsons among others), this book tells the history of how it evolved from a public revenue-raising scheme into a popular private investment and infrastructure financing tool, before it was displaced by cheaper forms of borrowing. Focusing on the early development of the tontine, and with European and North American case studies, the narrative brings to life the story of a little-understood financial innovation. This concise and engaging book is an ideal introduction to the history of the tontine for all readers interested in financial history.
A History of Tontines in Germany
Author: Phillip Hellwege
Publisher:
ISBN: 9783428156160
Category :
Languages : en
Pages : 188
Book Description
Publisher:
ISBN: 9783428156160
Category :
Languages : en
Pages : 188
Book Description
The Agent's Manual of Life Assurance. By the Author of “The American Manual of Life Assurance,” Etc. [i.e. H. C. Fish.]
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 208
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 208
Book Description
An Universal History, ... translated from the German ... by J. C. Prichard
Author: Johannes von MUELLER (Edler zu Sylvelden.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 280
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 280
Book Description
Universal History ... Translated from the German
Author: Johannes von Mueller (Edler zu Sylvelden.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 444
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 444
Book Description
The Insurance Guide and Handbook on Fire, Life, Marine, Tontine, and Casualty Insurance
Author: Cornelius Walford
Publisher:
ISBN:
Category : Insurance
Languages : en
Pages : 594
Book Description
Publisher:
ISBN:
Category : Insurance
Languages : en
Pages : 594
Book Description
Annals, Anecdotes, and Legends of Life Assurance
Author: John Francis (of the Bank of England.)
Publisher:
ISBN:
Category : Insurance, Life
Languages : en
Pages : 336
Book Description
Publisher:
ISBN:
Category : Insurance, Life
Languages : en
Pages : 336
Book Description
Beggar Thy Neighbor
Author: Charles R. Geisst
Publisher: University of Pennsylvania Press
ISBN: 0812207505
Category : Business & Economics
Languages : en
Pages : 396
Book Description
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.
Publisher: University of Pennsylvania Press
ISBN: 0812207505
Category : Business & Economics
Languages : en
Pages : 396
Book Description
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.
The Past, Present, and Future of Tontines
Author: Phillip Hellwege
Publisher:
ISBN: 9783428156153
Category :
Languages : en
Pages : 413
Book Description
Publisher:
ISBN: 9783428156153
Category :
Languages : en
Pages : 413
Book Description
A Concise History of International Finance
Author: Larry Neal
Publisher: Cambridge University Press
ISBN: 1107034175
Category : Business & Economics
Languages : en
Pages : 377
Book Description
A comprehensive survey of international financial history across three thousand years that reveals how previous crises were successfully overcome.
Publisher: Cambridge University Press
ISBN: 1107034175
Category : Business & Economics
Languages : en
Pages : 377
Book Description
A comprehensive survey of international financial history across three thousand years that reveals how previous crises were successfully overcome.