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Religious Prohibitions Against Usury

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Author Info
Reed, C.G.
Bekar, C.T.
Abstract

Religious prohibitions against usury constitute a tie-in between religious reward and the use of charity and reciprocal exchange to smooth consumptiopn. We argue that prohibitions will occur when the following apply: consumption smoothing is requied for the survival of the population; charity and/or informal pooling ("informal insurance") are necessary to solve the consumption smoothing problem; solving the problem; is the responsability of the monopoly religion; consumption via the capital market poses a threat to charity and informal pooling.

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Publisher Info
Paper provided by Department of Economics, Simon Fraser University in its series Discussion Papers with number dp97-07.

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Length: 37 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:sfu:sfudps:dp97-07

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Postal: Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
Phone: (778)782-3508
Fax: (778)782-5944
Web page: http://www.econ.sfu.ca/
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Related research
Keywords: RELIGION CONSUMPTION

Find related papers by JEL classification:
D64 - Microeconomics - - Welfare Economics - - - Altruism

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This page was last updated on 2008-11-17.

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