Fair interest rates when lending to the poor: Are fair prices derived from basic principles of justice?

@inproceedings{Hudon2006FairIR,
  title={Fair interest rates when lending to the poor: Are fair prices derived from basic principles of justice?},
  author={Marek Hudon},
  year={2006}
}
This paper addresses the fairness of prices, with a focus on fair interest rates as they apply to microlending transactions for the poor. Under different assumptions on fairness in interest rate policies and the principles of justice as described in A Theory of Justice (Rawsl, 1976), the paper determines the extent of the ‘just’ range of a price. Using the original notion of fair reservation price and fair bargaining range, it is shown that some unfair considerations can make the fair… CONTINUE READING

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