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The Ethic of Usury and Interest; A Study in Inorganic Socialism

The Ethic of Usury and Interest; A Study in Inorganic Socialism


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER III. PROPERTY IN UNDERPAID LABOUR AS THE BASIS OF USURY. We are now in a position to see the reasons of justice on which the lawfulness of a commercial interest on capital is founded. The starting point is the economic right of every man to what by his labour he has produced. It is his own, to use as he will. But there are two ways in which he may consume it. He may consume it all, whilst he is working to produce a similar supply. Or he may eat somewhat less himself and wear less clothing or not renew it so often, and give the remaining food and clothing to another man who is engaged in making a plough for example. In the former case the food and clothing will be consumed by one man who has replaced its equivalent by his labours. In the latter case the food and clothing will have sufficed for two men, one of whom has replaced it as before, and the other has made a plough by the aid of which more land can be cultivated and the food of the community proportionably increased. The question at issue is?does the first man who has supplied the plough-maker with food and clothing deserve a reward? Has he rendered a service, and has he laboured in any way? Certainly he has laboured, for it would have been easier to consume all his food, and wear warmer and better clothes, and it required some effort, a real labour though nervous and not muscular, to forego these comforts. It was no part of his duty to feed and clothe his fellow-labourer. He has laboured in this non-destruction of what he might have lawfully destroyed, and he has by so doing been instrumental in increasing the productiveness of future labourers, for now there is a plough more in the world than, but for him, there would have been. That labour of his has aided production. He has therefore a right to be pai...


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Product Details
  • ISBN-13: 9780217889940
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 44
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 0217889948
  • Publisher Date: 15 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 95 gr

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