 | Vernon L. Smith - 2007 - 384 strani
...the money would be lent to prodigals and profectors, who alone would be willing to give this higher interest. Sober people, who will give for the use...use of it, would not venture into the competition'" (Stiglitz, 2001, p. 475, text and footnote 8). Adam Smith was not, I suggest, "anticipating later"... | |
 | 1927 - 930 strani
...per cent, on the ground that if a higher rate were current, "the greater part of the money which was to be lent, would be lent to prodigals and projectors,...alone would be willing to give this high interest A great part of the capital of the country would thus be kept out of the hands which were most likely... | |
 | Bhikhu C. Parekh - 1993 - 384 strani
...Cannan, I, 338). For if the rate of interest was not limited, "the greater part of the money which was to be lent, would be lent to prodigals and projectors,...alone would be willing to give this high interest." This, however, the State ought to prevent. And: "The act of navigation is not favourable to foreign... | |
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Britain, for example, was fixed so high as eight or ten per cent. the greater part of the money which Avas to be lent, would be lent to prodigals and projectors, who alone would be willing to give this high interest. Sober people, who will give for the... 
