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Usury (/ ˈ j uː ʒ ər i /) [1] [2] is the practice of making loans that are seen as unfairly enriching the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law.
Exploitation is a concept defined as, in its broadest sense, one agent taking unfair advantage of another agent. [1] When applying this to labour (or labor), it denotes an unjust social relationship based on an asymmetry of power or unequal exchange of value between workers and their employers. [2]
The Everett Massacre (also known as Bloody Sunday) was an armed confrontation between local authorities and members of the Industrial Workers of the World (IWW) union, commonly called "Wobblies", which took place in Everett, Washington on Sunday, 5 November 1916. The tragic event marked a time of rising tensions in Pacific Northwest labor history.
Dawson, 'Economic Duress and Fair Exchange in French and German Law' (1937) 11 Tulane Law Review 345, 365 Holstein, 'Vices of Consent in the Law of Contracts' (1939) 13 Tulane Law Review 560, 569 WJ Ashley, An Introduction to English Economic History and Theory (1920) 126, on just price
The new economic history, or cliometrics, formalized economic history in a manner similar to the injection of mathematical models and statistics into the rest of economics. [ 12 ] The relationship between economic history, economics and history has long been the subject of intense discussion, and the debates of recent years echo those of early ...
The history of economic thought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy and economics, from the ancient world to the present day. This field encompasses many disparate schools of economic thought.
In their macroeconomic models, the economic system is a subsystem of the environment. In this model, the circular flow of income diagram is replaced in ecological economics by a more complex flow diagram reflecting the input of solar energy, which sustains natural inputs and environmental services which are then used as units of production ...
Case held that the FTC is entitled to bring enforcement action against businesses that act unfairly, as where supermarket trading stamps company injured consumers by prohibiting them from exchanging trading stamps. The FTC could prevent the restrictive practice as unfair, even though there was no specific antitrust violation.