Beggar Thy Neighbor
A History of Usury and Debt
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Narrado por:
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Maxwell Zener
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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.
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. It 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.
The book is published by University of Pennsylvania Press.
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Lo que los oyentes dicen sobre Beggar Thy Neighbor
Calificaciones medias de los clientesReseñas - Selecciona las pestañas a continuación para cambiar el origen de las reseñas.
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Total3 out of 5 stars
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Ejecución4 out of 5 stars
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Historia3 out of 5 stars
- Peter Tremblay
- 04-03-23
Very comprehensive but difficult for a novice
This book provided a thorough and comprehensive history of the money lending. Towards the become half the content can get difficult to follow as more and more technical financial vocabulary is used. The overall narrative flow can be maintained but it is easy to get lost in the jargon.
Finally there is little by way of commentary on the history of money lending. If you are looking for a text that offers a conversation around the ethics of money lending and its many developments (especially in contemporary finance) then this is NOT the text for you.
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