Law Commons^™

The Church And The Usurers: Unprofitable Lending For The Modern Economy, Brian M. Mccall

Brian M McCall

Professor McCall explains in a scholarly yet accessible manner the core principles of the usury doctrine. Tracing its history from Biblical texts, through Aristotelian philosophy and Roman law, to the great scholastic synthesis, Professor McCall separates the unchanging principles from the changes in their applications to new economic realities. With debt, personal, business and government spiraling out of control and massive insolvencies of ancient nations like Greece, contemporary economic theory has offered little in response. Professor McCall contributes the wisdom of the centuries in a concise and readable study.

Endorsements

"Professor McCall places the issues confronting our debt based economy …

Redimir Nuestro Futuro, Brian M. Mccall

Brian M McCall

Este artículo en español se basa en la conclusión del libro del profesor McCall, La iglesia y los usureros: préstamos no rentables para la economía moderna (Sapientia Prensa 2013). Se argumenta a favor de la restauración de los antiguos principios de la justicia en relación con la usura. Después de explicar cómo el proceso democrático fué subvertido por la primacía federal a mutilar las leyes de usura que precedió la fundación de la república norteamericana, el artículo recomienda una restauración de la Ley de usura, la cual permita compensación por pérdidas resultantes de un préstamo monetario pero restringe los préstamos …

Learning From Our History: Evaluating The Modern Housing Finance Market In Light Of Ancient Principles Of Justice, Brian M. Mccall

Brian M McCall

Since I first accepted an invitation to join this symposium, the subprime mortgage crisis has exploded into a systemic financial crisis. Analysis and pundits alike seem on a quest to outdo each other in using dramatic phrases to describe its historic proportions. The causes of a crisis so large must have a multiplicity of causes lying in the realms of bank regulation and supervision, the operation and regulation of the securitization market and the derivatives and insurance markets. Yet, the root and spark of the various financial reverberations initiated in the home mortgage finance market. My presentation will focus on …

It's Just Secured Credit: The Natural Law Case In Defense Of Some Forms Of Secured Credit, Brian M. Mccall

Brian M McCall

For decades scholars have been debating whether of not the institution of security can be explained and justified. After much discussion from varying points of view and hermeneutics, although some insights have been gained, the answer to the original question remains unresolved. This article attempts to bring new life to this debate by building on Professors Mooney and Harris’ idea of security interest as property right while taking account of the valid concerns of scholars such as Elizabeth Warren and Lyn Lopucki that certain results produced by the current system seem unjust. This reconciliation of these two strands of secured …

Money, Money Everywhere But Not A Drop To Secure: A Proposal For Amending The Perfection Rules For Security Interests In Money And Deposit Accounts, Brian M. Mccall

Brian M McCall

It is time that the billions of dollars of money and bank account balances held by debtors be made available as security in a manner that is commercially practical. The rules governing the perfection of security interests in money and deposit accounts need to be reformed to allow perfection by filing. This article builds a case for the proposed revisions by addressing the vexing question “what is money.” A brief history, especially drawing upon the history of the UCC, of answers to this question is presented. Various policy rationales are explored including an examination of the different forms of payment …