Publisher's Synopsis
This book examines the possibility of evolving an alternative framework of capital and credit avaliability, which completely excludes reliance on either interest or any subterfuge for interest. The author first surveys classical justifications of interest and identifies their fatal infirmities. Then, using exhaustive empirical data, he establishes that unemployment, inflation, deficits and trade cycles can be brought under control through extinction of interest. Lastly, he presents an innovative alternative to interest.
