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An article arguing that interest derives from the differing values that people place on the time preference for money rather than on the profits earned by the loan.
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| URL: |
http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/bawerk/interest.htm
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| Title: |
The Origin of Interest |
| Description: |
Science, Social Sciences, Economics, Schools of Thought - The Origin of Interest. An article arguing that interest derives from the differing values that people place on the time preference for money rather than on the profits earned by the loan. |
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