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The Contrast of the Enlightenment

In: The History of Consumer Credit: Doctrines and Practices

Author

Listed:
  • Rosa-Maria Gelpi

    (Cetelem Professor of Economics Université Libre de Lille)

  • François Julien-Labruyère

    (International CEO, member of the Board of Cetelem)

Abstract

The great eighteenth-century movement of emancipation redirected theories on usury. European economic expansion, particularly in the North, the increased volume of commerce, the first great spread of colonial companies, the appearance of finance in the focus of attention as shown by the Law affair, all led to a considerable development of credit. Seen as a sign of progress by some, and as the road to perdition by others, interest-bearing loans remained at the centre of a debate which continued in ecclesiastical circles, and became one of the favourite subjects of controversy for many economists and philosophers.

Suggested Citation

  • Rosa-Maria Gelpi & François Julien-Labruyère, 2000. "The Contrast of the Enlightenment," Palgrave Macmillan Books, in: The History of Consumer Credit: Doctrines and Practices, chapter 6, pages 70-83, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-55451-1_6
    DOI: 10.1057/9780230554511_6
    as

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