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The Contrast of the Enlightenment

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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.

Keywords

Interest Rate Contracting Parti Consumer Credit Favourite Subject Promissory Note 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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REFERENCES

  1. BENTHAM, J. ‘Defense of Usury: Showing the impolicy of the present legal restraints on the terms of pecuniary bargains’ in The Works of Jeremy Bentham,Vol. Three; New York: Russell & Russell Inc., 1962.Google Scholar
  2. LEVRON, J. Le crédit à la Banque d’Anjou, Angers Crédit de l’Ouest, 1950.Google Scholar
  3. PASSAGE, H. Du ‘Usure’, Dictionnaire de théologie catholique (DTC).Google Scholar
  4. RIST, C. History of Monetary and Credit Theory from John Law to the Present Day, New York: Macmillan, 1940.Google Scholar
  5. ROOVER, R. De L’évolution de la lettre de change, Paris: Armand Colin, 1953.Google Scholar
  6. TAVENEAUX, R. Jansénisme et prêt à intérêt, Paris: J. Vrin, 1977.Google Scholar
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Copyright information

© La Fondation Cetelem 2000

Authors and Affiliations

  1. 1.Cetelem Professor of Economics Université Libre de LilleFrance
  2. 2.International CEO, member of the Board of CetelemFrance

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