Abstinence theory of interest
The abstinence theory of interest asserts that the money used for lending purposes is the money not used for consumption – which means, earning interest by abstaining from spending makes the funds possible and available for borrowers.[1]
The originator of the theory is Nassau William Senior.
Notes
- ↑ EconomyProfessor.com Archived January 31, 2010, at the Wayback Machine., Retrieved 2008-05-29
This article is issued from
Wikipedia.
The text is licensed under Creative Commons - Attribution - Sharealike.
Additional terms may apply for the media files.