Some past and current civilizations, believing that interest should not be charged, passed usury laws forbidding it.

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Some past and current civilizations, believing that interest should not be charged, passed usury laws forbidding it. What are the private and social benefits or costs of allowing interest to be charged?

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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Question Posted: Nov 12, 2018 07:42 AM

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Some past and current civilizations, believing that interest should not be charged, passed usury laws forbidding it.

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Charging interest gives lenders incentive to lend money when they might ...View the full answer

Microeconomics

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