Write essays on the following Economics questions
Write essays of no more than 500 words each on the following Economics question. Be sure to follow course guidelines for written material.
Question #1
Ariste lends his money at interest. But on the surface, it looks unfair for someone to lend (say) $100 and demand $105 back. How does Bastiat explain lending at interest in terms of opportunity costs? How does he think considerations of opportunity costs show lending at interest to be fair? See Bastiat, “Capital and Interest,” section 6, “The Plane.”
http://mises.org/sites/default/files/The%20Bastiat%20Collection_4.pdf, pp. 151-162
Answer preview for Write essays on the following Economics questions
Access the full answer containing 455 words by clicking the below purchase button.