Defence of Usury
An 1818 edition which combines Bentham’s defence of the practice of charging interest on loans with a critique of certain taxes which increased the cost of appearing before the courts.
Defence of Usury; shewing the Impolicy of the Present Legal Restraints on the Terms of Pecuniary Bargains; in Letters to a Friend. To which is added A Letter to Adam Smith, Esq. LL.D. on the Discouragements opposed by the above Restraints to the Progress of Inventive Industry; and to which is also added, A Protest against Law-Taxes (London: Payne and Foss, 1818).
The text is in the public domain.
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Table of Contents
- LETTER I.: Introduction.
- LETTER II.: Reasons for Restraint.—Prevention of Usury.
- LETTER III.: Reasons for Restraint.—Prevention of Prodigality.
- LETTER IV.: Reasons for Restraint.—Protection of Indigence.
- LETTER V.: Reasons for Restraint.—Protection of Simplicity.
- LETTER VI.: Mischiefs of the anti-usurious Laws.
- LETTER VII.: Efficacy of anti-usurious laws.
- LETTER VIII.: Virtual Usury allowed.
- LETTER IX.: Blackstone considered.
- LETTER X.: Grounds of the Prejudices against Usury.
- LETTER XI.: Compound Interest.
- LETTER XII.: Maintenance and Champerty.
- LETTER XIII.: To Dr. Smith, on Projects in Arts, c.