Dictionary of Political Economy
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In our eReader you can find the full English version of the book. Read Dictionary of Political Economy Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Dictionary of Political Economy
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The practice would seem to have arisen spontaneously, and to have been by no means a mere evasion of the prohibition of usury.
\Vheu brought before the attention of theo- logians and canonists, as in the cases submitted to Pope Martin V. in 1425 and Pope Calixtus III. in 1455, no doubt was felt as to its legitimacy, on the following conditions : that the charge was a census realis, i.e. was attached to some definite and permanent property of such a nature as to be a source of permanent iuoome {...res frucjifera) ; that the person subject to the charge retained the right of redemption, but the recipient had no right to compel a return of the iJurchase money ; and that the rent did not exceed a fair percentage upon the purchase money, — as to which last point the ecclesiasti- cal authorities were ready to accept current usage. The existence of a "real" security, which, if transferred, carried the obligation with it, and the interminable character of the investment, so far as the investor was concerned, were the two features which were held to dis- tinguish the contract from a mere loan.
What to read after Dictionary of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Robert Harry Inglis Palgrave to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The practice would seem to have arisen spontaneously, and to have been by no means a mere evasion of the prohibition of usury.
\Vheu brought before the attention of theo- logians and canonists, as in the cases submitted to Pope Martin V. in 1425 and Pope Calixtus III. in 1455, no doubt was felt as to its legitimacy, on the following conditions : that the charge was a census realis, i.e. was attached to some definite and permanent property of such a nature as to be a source of permanent iuoome {...res frucjifera) ; that the person subject to the charge retained the right of redemption, but the recipient had no right to compel a return of the iJurchase money ; and that the rent did not exceed a fair percentage upon the purchase money, — as to which last point the ecclesiasti- cal authorities were ready to accept current usage. The existence of a "real" security, which, if transferred, carried the obligation with it, and the interminable character of the investment, so far as the investor was concerned, were the two features which were held to dis- tinguish the contract from a mere loan.
What to read after Dictionary of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Robert Harry Inglis Palgrave to read onlineMoreLess
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