From the early forms of loans to farmers to present day credit
cards, consumer credit has always been part of human life and
economics. However, ever since the Bible, controversy has reigned
as to its legitimacy. It is the history of this controversy that is
presented here by the authors. Outlining significant developments
in different aspects of consumer credit from the Hammurabi Code
through to current questions such as household overindebtedness,
they shed some historical light on modern debates.
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