This book explores the history of the concept of interest, examining the evolution of its various forms and applications throughout different societies and time periods. The author traces the roots of interest back to ancient Mesopotamia, where it was first used as a means of calculating the return on loans. From there, the concept spread to Greece and Rome, where it was further developed and refined. In the Middle Ages, interest was condemned by the Catholic Church as usury, but it continued to be practiced in various forms throughout Europe. The author sheds light on the role of interest in the development of capitalism and the rise of modern banking systems. The book also examines the different ethical and economic arguments that have been made for and against the use of interest. The author concludes by arguing that interest is a complex and multifaceted concept that has played a significant role in shaping human history.
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Paperback. Condition: New. Print on Demand. This book explores the history of the concept of interest, examining the evolution of its various forms and applications throughout different societies and time periods. The author traces the roots of interest back to ancient Mesopotamia, where it was first used as a means of calculating the return on loans. From there, the concept spread to Greece and Rome, where it was further developed and refined. In the Middle Ages, interest was condemned by the Catholic Church as usury, but it continued to be practiced in various forms throughout Europe. The author sheds light on the role of interest in the development of capitalism and the rise of modern banking systems. The book also examines the different ethical and economic arguments that have been made for and against the use of interest. The author concludes by arguing that interest is a complex and multifaceted concept that has played a significant role in shaping human history. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9780266665458_0
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