Abstract

http://ssrn.com/abstract=2136660
 


 



Is Greed Good? A Catholic Perspective on Modern Usury


William Woodyard


West Virginia State University; Florida State University - Department of Risk Management/Insurance, Real Estate and Business Law

Chad G. Marzen


Florida State University

August 20, 2012

BYU Journal of Public Law, Volume 27, Issue 1, Fall 2012, pgs. 185-227

Abstract:     
In an era of increasing financial complexity, the Catholic legal and intellectual tradition offers not only a symbolic moral witness to the policy debates concerning lending, but a voice that offers real solutions to the problem of modern usury. The duty of those in the economic world to safeguard the weaker, more vulnerable parties in society as articulated by Pope Benedict XVI in Caritas in Veritate can best find its expression in vigorous adherence to the unconscionability doctrine of contract law. In addition, the Catholic legal and intellectual tradition promotes microcredit lending programs and community credit unions as strong economic alternatives to modern usury.

Number of Pages in PDF File: 44

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Date posted: August 27, 2012 ; Last revised: April 7, 2013

Suggested Citation

Woodyard, William and Marzen, Chad G., Is Greed Good? A Catholic Perspective on Modern Usury (August 20, 2012). BYU Journal of Public Law, Volume 27, Issue 1, Fall 2012, pgs. 185-227. Available at SSRN: http://ssrn.com/abstract=2136660

Contact Information

William Woodyard (Contact Author)
West Virginia State University ( email )
5000 Fairlawn Ave
Dunbar, WV 25112
United States
Florida State University - Department of Risk Management/Insurance, Real Estate and Business Law
College of Business
Tallahassee, FL 32306
United States
Chad G. Marzen
Florida State University ( email )
College of Business
Tallahassee, FL 32306
United States
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