Adam Smith, Book 2, Ch. 4, Interest and Usury

Transcript

now let's look at book 2 chapter 4 which focuses on interest and usury the title of this chapter is of stock land that interest smithy er is making some very basic points first that capital can be lent out at interest and also he notes that the rate of interest on loans is regulated ultimately by the productive yield of lending out capital if you l... Read More