In Medio Stat Virtus
An Alternative View of Usury in Adam Smith's Thinking
Bibliographic Data
| ID | 4298301 |
|---|---|
| Authors | Maria Pia Paganelli (0000-0002-5796-4519, Trinity University, corresponding author) |
| Year | 2003 |
| Volume | 35 |
| Issue | 1 |
| Pages | 21-48 |
| Publication date | 2003-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | History of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0018-2702 • E-ISSN: 1527-1919 |
| Publisher | Duke University Press (PUBLISHER • US) |
| DOI | 10.1215/00182702-35-1-21 |
| OpenAlex | W2071792951 |
| Language | EN |
| Citations received | 9 |
| References cited | 23 |
Some specific positions of Adam Smith have been, and still are, sources of problems and debates. Generally, the controversies concern apparent contradictions in the Smithian theory. An example of these puzzling contradictions in Smith is his position on usury laws:\nIn countries where interest is permitted, the law, in order to prevent the extortion of usury, generally fixes the highest rate which can be taken without incurring a penalty. This rate ought always to be somewhat above the lowest market price, or the price which is commonly paid for the use of money by those who can give the most undoubted security. (WN, II.iv.14)\nHow could a believer in the beauty and power of the market favor usury laws
Archaeology · Citation · Icon · Political science · Politics · Usury · World Wide Web · Classics · Computer Science · Economic Theory and Institutions · Economic Theory and Policy · History · Law · Political Economy and Marxism
Adam Smith's Moral Philosophy
Agreement is money
To Intervene or Not to Intervene
Saint-Simonism and Utilitarianism
Vertus et justice du marché chez Adam Smith
Chicago Smith" versus "Kirkaldy Smith
Retrospectives
The Second Jansenism and the Rise of French Eighteenth-Century Political Economy
Parallel Journeys
The general theory of employment, interest, and money
Judgment under Uncertainty
Prospect Theory
The citizen and the State
Adam Smith and the Virtues of Enlightenment
Adam Smith and the Virtues of Enlightenment
The Economics of Usury Regulation
Adam Smith's Empiricism and the Law of Nature
Adam Smith's Empiricism and the Law of Nature
Adam Smith's Case for Usury Laws
Adam Smith's Moral Philosophy
No History of Ideas, Please, We're Economists
| Unique citing works | 9 |
|---|---|
| Citations per year | 0,43 |
| Citation span | 2005 - 2025 (21) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 9 |