Journal of Co-operative Studies 52(2), 31-32
Neither a borrower or a lender be
| Editorial reviewed/ Short article | Published online: October 2019 |
Neither a borrower or a lender be
Gillian Lonergan
Vol 52(2), pp. 31-32
https://doi.org/10.61869/BKUX1495
How to cite this article: Lonergan, G. (2019). Neither a borrower or a lender be. Journal of Co-operative Studies, 52(2), pp. 31-32. https://doi.org/10.61869/BKUX1495
Abstract
This short paper considers one of the original principles of the Rochdale Pioneers - ‘cash trading’, neither taking nor offering credit. The Pioneers took any infringement of cash trading as a serious matter.But credit was not always thought of as a bad thing when in the 1840s Friedrich Raiffeisen and Schultze Delitsche were organising co-operative credit societies in Germany. This paper looks at the pros and cons.
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