The Tontine: A History PDF Download
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Author: Andrew McDiarmid
Publisher: Taylor & Francis
ISBN: 1040251625
Category : Business & Economics
Languages : en
Pages : 120
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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.
Author: Andrew McDiarmid
Publisher: Taylor & Francis
ISBN: 1040251625
Category : Business & Economics
Languages : en
Pages : 120
Get Book Here
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.
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 208
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Book Description
Author: Johannes von MUELLER (Edler zu Sylvelden.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 280
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Book Description
Author: Phillip Hellwege
Publisher:
ISBN: 9783428156160
Category :
Languages : en
Pages : 188
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Book Description
Author: John Francis (of the Bank of England.)
Publisher:
ISBN:
Category : Insurance, Life
Languages : en
Pages : 336
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Book Description
Author: Johannes von Mueller (Edler zu Sylvelden.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 444
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Book Description
Author: Samuel NEIL
Publisher:
ISBN:
Category :
Languages : en
Pages : 486
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Book Description
Author: John Beckmann
Publisher:
ISBN: 3752398116
Category : Fiction
Languages : en
Pages : 549
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Book Description
Reproduction of the original: A History of Inventions, Discoveries, and Origins by John Beckmann
Author: Johann Beckmann
Publisher:
ISBN:
Category : Discoveries in science
Languages : en
Pages : 576
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Book Description
Author: Charles R. Geisst
Publisher: University of Pennsylvania Press
ISBN: 0812207505
Category : Business & Economics
Languages : en
Pages : 396
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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.
