IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/14217_11.html
   My bibliography  Save this book chapter

Usury and its Critics: From the Middle Ages to Modernity

In: The Foundations of Islamic Banking

Author

Listed:
  • Constant Mews
  • Adrian Walsh

Abstract

After barely half a century of experience, Islamic banking has become established as a niche industry across the world, offering new and sophisticated financial products designed to be compliant with Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector of banking.

Suggested Citation

  • Constant Mews & Adrian Walsh, 2011. "Usury and its Critics: From the Middle Ages to Modernity," Chapters, in: Mohamed Ariff & Munawar Iqbal (ed.), The Foundations of Islamic Banking, chapter 11, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14217_11
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781849807920.00020.xml
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Constant Mews & Ibrahim Abraham, 2007. "Usury and Just Compensation: Religious and Financial Ethics in Historical Perspective," Journal of Business Ethics, Springer, vol. 72(1), pages 1-15, April.
    2. Joseph Persky, 2007. "Retrospectives: From Usury to Interest," Journal of Economic Perspectives, American Economic Association, vol. 21(1), pages 227-236, Winter.
    3. Samuel Hollander, 1999. "Jeremy Bentham and Adam Smith on the usury laws: a 'Smithian' reply to Bentham and a new problem," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 6(4), pages 523-551.
    4. Maria Pia Paganelli, 2003. "In Medio Stat Virtus: An Alternative View of Usury in Adam Smith's Thinking," History of Political Economy, Duke University Press, vol. 35(1), pages 21-48, Spring.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arvind Ashta & Laurence Attuel-Mendès & Zaka Ratsimalahelo, 2015. "Another “French paradox”: explaining why interest rates to microenterprises did not increase with the change in French usury legislation," European Journal of Law and Economics, Springer, vol. 40(3), pages 479-509, December.
    2. Diesel, Jonathon, 2021. "Adam Smith on usury: An esoteric reading," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 727-738.
    3. Laurie Bréban & André Lapidus, 2019. "Adam Smith on lotteries: an interpretation and formal restatement," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 26(1), pages 157-197, January.
    4. Ryszard Kowalski & Grzegorz Wałęga, 2022. "Regulation of Usury: Justification, Consequences, and Some Lessons from Polish Experience," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 57-73.
    5. Nathalie Sigot & Laurie Bréban, 2020. "The influence of laws on informal rules: a reassement of the controversy between Jeremy Bentham and Adam Smith on usury [L’influence des lois sur les règles informelles : une relecture de la contro," Post-Print hal-03825528, HAL.
    6. Laurie Bréban & André Lapidus, 2019. "Adam Smith on lotteries: an interpretation and formal restatement," Working Papers hal-00914222, HAL.
    7. Giuseppe Coco & David De Meza, 2009. "In Defense of Usury Laws," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(8), pages 1691-1703, December.
    8. Domènec Melé, 2016. "Re-thinking Capitalism: What We can Learn from Scholasticism?," Journal of Business Ethics, Springer, vol. 133(2), pages 293-304, January.
    9. Murizah Osman Salleh & Aziz Jaafar & M. Shahid Ebrahim, 2011. "The Inhibition of Usury (Riba An-Nasi'ah) and the Economic Underdevelopment of the Muslim World," Working Papers 11002, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    10. Ibrahim Abraham, 2011. "Tensions in Christian Financial Ethics: An Historical Overview," Chapters, in: Mohamed Ariff & Munawar Iqbal (ed.), The Foundations of Islamic Banking, chapter 13, Edward Elgar Publishing.
    11. Rubin, Jared, 2010. "Bills of exchange, interest bans, and impersonal exchange in Islam and Christianity," Explorations in Economic History, Elsevier, vol. 47(2), pages 213-227, April.
    12. Jared Rubin, 2009. "Social Insurance, Commitment, and the Origin of Law: Interest Bans in Early Christianity," Journal of Law and Economics, University of Chicago Press, vol. 52(4), pages 761-786, November.
    13. Hugh Rockoff, 2003. "Prodigals and Projecture: An Economic History of Usury Laws in the United States from Colonial Times to 1900," NBER Working Papers 9742, National Bureau of Economic Research, Inc.
    14. Stefan Behringer, 2016. "The Development of the Net Present Value (NPV) Rule ¨C Religious Prohibitions and Its Evolution," Review of Economics & Finance, Better Advances Press, Canada, vol. 6, pages 74-87, August.
    15. Alessandro Lanteri, 2010. "The Economic Ethics of Ezra Pound," ICER Working Papers 25-2010, ICER - International Centre for Economic Research.
    16. Arvind Ashta & Surender Mor, 2022. "Is Microcredit a Reverse Innovation?," FIIB Business Review, , vol. 11(2), pages 225-234, June.
    17. Michel Bellet, 2011. "Saint-Simonism and Utilitarianism : the history of a paradox. Bentham’s Defence of Usury under Saint-Amand Bazard’s Interpretation," Working Papers 1135, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    18. Saad Azmat & Hira Ghaffar, 2021. "Ethical Commitments and Credit Market Regulations," Journal of Business Ethics, Springer, vol. 171(3), pages 421-433, July.
    19. Arvind Ashta & Marek Hudon, 2009. "To whom should we be fair? Ethical issues in Balancing Stakeholder Interests from Banco Compartamos Case Study," Working Papers CEB 09-036.RS, ULB -- Universite Libre de Bruxelles.
    20. Aaron Z. Pitluck & Fabio Mattioli & Daniel Souleles, 2018. "Finance beyond function: Three causal explanations for financialization," Economic Anthropology, Wiley Blackwell, vol. 5(2), pages 157-171, June.

    More about this item

    Keywords

    Economics and Finance;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:14217_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.