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PRICE OF TIME, THE: THE REAL STORY OF INTEREST

 For at least five millennia people have been borrowing and lending at interest. The practice wasn t always popular--in the ancient world usury was generally viewed as exploitative a potential path to debt bondage and slavery. Yet as capitalism became established from the late Middle Ages onwards denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets such as houses and all manner of financial securities; and allows us to price risk.

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Book Format : Hardcover
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SKU
BOO101310279046
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More Information
ISBN 9780802160065
Weight (kgs.) 0.64
Author CHANCELLOR, EDWARD
Publisher INGRAM PUBLISHER SERVICES/
Publication Date Aug 16, 2022
Book Size (cm.) 14.7 x 23.1 x 4.3
Dimension Length(ยาว)(CM) 23.10
Dimension Width(กว้าง)(CM) 14.70
Dimension High(สูง/หนา)(CM) 4.30
Language English
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