Abstinence theory of interest
Topic: Finance
From HandWiki - Reading time: 1 min
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The abstinence theory of interest asserts that the money used for lending purposes is the money not used for consumption – which means, earning interest by abstaining from spending makes the funds possible and available for borrowers.[1]
The originator of the theory is Nassau William Senior.
Notes
- ↑ EconomyProfessor.com , Retrieved 2008-05-29
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