The difference between usury and interest, from Sumer and Leviticus through the friars, the Mount of Piety, Calvin, Adam Smith and Bentham, to payday lenders, Islamic finance and car loans in Cape York. Opens with a recap of episode 8. About 41 minutes.
Source: Constant J. Mews and Ibrahim Abraham, “Usury and Just Compensation: Religious and Financial Ethics in Historical Perspective”, Journal of Business Ethics 72 (2007): 1-15. Other voices: the 2008 financial crisis; Australia’s consumer credit laws and the Hayne Royal Commission; the No Interest Loan Scheme.
Leave a Reply