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4.3.09

Vatican says Islamic Finance May Help

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  1. For a little context, one source on Catholic Economic thought is the history of economics from Medieval times. Prof John Munro (U Toronto) seems to offer a rather complete overview in his course:
    http://www.economics.utoronto.ca/munro5/lecnot301.htm

    (He also has lecture notes on economic history from 1750-1914 on his main page).

    Check out http://www.newadvent.org/cathen/15235c.htm (the Catholic Encylopedia) for a compendium of views on usury

    We should note that Protestants were (mostly) not as concerned with the prohibition of usury which is why Northern Europe went through much more rapid financial innovation than did Southern Europe, with the leading financial centres being London and Amsterdam.

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