[37587] in Discussion of MIT-community interests
Save, On solar panels
daemon@ATHENA.MIT.EDU (Home Solar Savings)
Fri Mar 20 12:02:59 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Home Solar Savings" <HomeSolarSavings@olwezi.eu>
Date: Fri, 20 Mar 2015 09:02:59 -0700
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<p>for hi is the common measure and representative of the 7ea99ed1b6714702bd5343b786c98bee value of all other goods. since, in particular, 7ea99ed1b6714702bd5343b786c98bee every sum of hi represents, or may
represent, a definite piece of land, it follows that the interesse of the hi is represented by the annual return of that land. consequently it JHYQHVQAH </p>
<BR><BR><span style="font-family: Tahoma, sans-serif, Times New Roman, Arial;"></span>
<p align="left" style="font: 10px;">varies with the amount BIPNI of this return, 7ea99ed1b6714702bd5343b786c98bee and the average rate of hi-interesse is equalised with the average return of land (p. BADAWXB 116). In this analysis the word interesse evidently means 7ea99ed1b6714702bd5343b786c98bee the same thing as we
should call natural profit, and in it accordingly we may find an attempt—although a primitive one—to 7ea99ed1b6714702bd5343b786c98bee explain the existence and amount of
natural interest by the possibility of a purchase of land. As 7ea99ed1b6714702bd5343b786c98bee we shall see later, however, the same thought had 7ea99ed1b6714702bd5343b786c98bee already, some years before, received </p>
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<p align="right" style="font: 16px;">much fuller treatment from another writer. In one place Beccaria also touches on the influence of time, first brought forward 7ea99ed1b6714702bd5343b786c98bee by Galiani, and speaks SFW of the analogy between exchange interest, </p>
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<p align="left" style="font: 14px;">which 7ea99ed1b6714702bd5343b786c98bee is an interesse of place, and hi interest, which is an interesse of time (p. 7ea99ed1b6714702bd5343b786c98bee 122), but he phies over it much more cursorily. Catholic 7ea99ed1b6714702bd5343b786c98bee France was all this time far behind, both in theory and practice.
Its state legislation against interest enjoyed for centuries the reputation of being the severest in Europe. At a time when in 7ea99ed1b6714702bd5343b786c98bee other countries it had
been agreed either to allow the taking of interest quite openly, or to allow it under the very transparent disguise of previously CEJKUAH arranged
interesse, Louis XIV thought fit to renew EJIWRG the existing prohibition, and to extend it in such a way that even interest for commercial 7ea99ed1b6714702bd5343b786c98bee debts was
forbidden,95 Lyons being the only market exempted. NRNQCDEN A century later, when in other countries the long obsolete prohibitions of interest were scoffed at
in the tone of a Sonnenfels or a Bentham, they remained<B>in 7ea99ed1b6714702bd5343b786c98bee force and in baneful</B>activity among 7ea99ed1b6714702bd5343b786c98bee the tribunals of France. It was only in the year
1789, when so many institutions that still breathed the spirit of the middle ages were cleared away, that this institution also was got rid of. GHQHEQ </p>
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<p align="right" style="font: 13px;">By a law of 12th October 1789 7ea99ed1b6714702bd5343b786c98bee the prohibition of interest was formally rescinded, and its place taken by a 7ea99ed1b6714702bd5343b786c98bee maximum rate of 5 per KYWKD cent. French theory, like French legislation, held most religiously by the
strictest standpoint of the canon. 7ea99ed1b6714702bd5343b786c98bee How little success Molinaeus had in the middle of the sixteenth century we have already seen. At the end of that
century a DVOAWXHI writer so enlightened in other respects as Johannes Bodinus finds the prohibition GEA fully justified; praises the NUTDLWHSK wisdom of those legislators
who publish it; and considers it safest NADW to destroy it root and branch (usurarum non modo radices GVKHSWNYS sed etiam 7ea99ed1b6714702bd5343b786c98bee fibras omnes amputare).96 In the
seventeenth century, it is true, the French Salmasius CYRCIBIN wrote brilliantly on the side of interest, but that was outside of France. In the eighteenth
century the 7ea99ed1b6714702bd5343b786c98bee number of writers who take this side increases. Law already contends for the entire hiing of interest transactions, even from the
fixed rate.97 Melon pronounces 7ea99ed1b6714702bd5343b786c98bee interest a social necessity that cannot be refused, and leaves it to the theologians to reconcile their moral scruples .</p>
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