Journal of Business Ethics 1 (3):249 - 250 (1982)
|Abstract||There is an obvious and important difference between bank loans and typical personal loans, viz., that banks charge interest in order to make a profit. Accordingly, what banks do is more accurately described as selling or renting money than as loaning money. Moreover, it is advantageous to banks misleadingly to describe their activity as loaning. For this assimilates their activity to the case of personal loans and helps to create an impression that banks do us a favor by loaning us money and that we owe them gratitude for so doing. Since these impressions are false, banks ought cease to describe what they do in this way.|
|Keywords||No keywords specified (fix it)|
|Through your library||Configure|
Similar books and articles
Mark S. Copelovitch & David Andrew Singer, Financial Regulation, Monetary Policy, and Inflation in the Industrialized World.
Bert Scholtens (2009). Corporate Social Responsibility in the International Banking Industry. Journal of Business Ethics 86 (2):159 - 175.
Lawrence H. White (1993). What has Been Breaking U.S. Banks? Critical Review 7 (2-3):321-334.
Ruth Mateos de Cabo, Ricardo Gimeno & María J. Nieto (2012). Gender Diversity on European Banks' Boards of Directors. Journal of Business Ethics 109 (2):145-162.
William C. Johnson & Jennifer Marietta-Westberg (forthcoming). The Distribution of Ipo Holdings Across Institutional Mutual Funds. Journal of Business Ethics.
George Selgin (1993). The Rationalization of Central Banks. Critical Review 7 (2-3):335-354.
Michael Jackson (2005). Philosopher-Kings and Bankers. Theoria 44 (107):19-35.
Anna J. Schwartz (1993). Are Central Banks Necessary? Critical Review 7 (2-3):355-370.
Added to index2009-01-28
Total downloads4 ( #178,844 of 549,754 )
Recent downloads (6 months)0
How can I increase my downloads?