History Books
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Wonderful ResourceReview Date: 2008-07-14
1828 Webster's DictionaryReview Date: 2008-07-07
A Must Have for Any LibraryReview Date: 2008-07-05
This is a special book.Review Date: 2008-07-05
Define LibertyReview Date: 2008-05-15

Great storyReview Date: 2005-06-10
5 stars for the emotions it stirsReview Date: 2004-08-10
Green Dolphin Street by Elizabeth GoudgeReview Date: 2005-09-24
Great Book!Review Date: 2007-04-02
Green Dolphin RavesReview Date: 2007-02-03
Melora

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An irenic model in a characteristically contentious debateReview Date: 2008-07-14
More importantly, Roger Olson has done both sides in the Calvinism/Arminianism debate a favor in penning this work. He succinctly dispels the "myths" that have creped into the debate and history of Arminianism. The overriding disagreement according to Olsen is one that goes beyond the debate between predestination and free will--these are merely derived from the fundamental issue. The main area of dispute concerns whether the love or sovereignty of God should be the superseding principle in His dealings with humanity. The Arminian would stress the love of God and the Calvinist His sovereignty. (p. 73)
Olson gives the raison d'ĂȘtre for the book in his introduction: The purpose of this book is simple and straightforward: to correctly delineate true Arminian theology and to begin to undo the damages that has been done to this theological heritage by both its critics and friends. (p. 43) He examines 10 myths that are commonly believed and cited by both proponents and Calvinists regarding Arminianism, (see the TOC on Amazon's preview and other reviews). Most of these myths, if not all, deal with areas relating to soteriology.
He notes that Jacob Arminus did not adhere to a lot of the views that are commonly understood today as Arminianism by both Arminians and Calvinists. For instance some Calvinists maintain that Arminians do not believe in total depravity. Olson defends the position that in fact Arminius and true Arminians do believe this doctrine. The key difference surrounds the notion of prevenient grace (i.e. all mankind is in a fallen state that cannot be penetrated unless God awakens the deadness). The proper concept of prevenient grace for the Arminian states that God awakens all to understand the gospel, then each person makes the choice whether to accept or reject the gospel presentation and embrace Christ. Without this awakening, all would be dammed. (Of course, the Calvinist would maintain that this awakening and calling is absolutely efficacious and limited to the elect.)
Each chapter is structured basically the same with a general introduction to the issue at hand followed by an examination of Arminus's comments which both clarify true Arminian doctrine and refute the myth at hand. Next he explores the historical evolution of Arminus's teaching, citing such church personalities from Wesley to current thought that both adhere to and digress from Arminius.
Olsen writes with the following overriding concern and one that should be echoed and modeled by all in this and other doctrinal disagreements and debates: "One principle that ought to be observed by all parties to this debate is before you disagree make sure you understand. In other words, we must make sure that we can describe another's theological position as he or she would describe it before we criticize or condemn. Another guiding principle should be do not impute to others beliefs you regard as logically entailed by their beliefs but that they explicitly deny." p. 41.
Only rarely does Olson deviate from his gracious and irenic discussions with his Calvinistic brothers. One such instance was his comments regarding the meaning of "all" in John 3:16; 2 Pet 3:9) and the Calvinistic interpretation of its meaning (p. 223) I will forgive him "for this momentary lapse of kindness." One other concern I did have was his passing remark in a footnote to his openness to "open theism" (p. 198, note 65) other than that I heartedly recommend this book to both camps in the debate for both a proper understanding of the issues at hand and a paradigm for future engagement.
Grace, Grace, God's GraceReview Date: 2008-03-20
Informative and FairReview Date: 2007-12-24
This book is not a rejection of Calvinism, but instead is an explanation of why Arminians believe the way they do. Olson does not set out to disprove Calvinism.
I appreciated that Olson is not afraid to tackle those from his tradition if he believes that their theology is flawed in any way. For example he points out some of the shortcomings of the later Remonstrants (like Limborch) and he also points out some of the weaknesses of John Wesley.
The book was not an easy read. It was written at a level where I had to struggle at times to fully comprehend. The chapter on the theories of atonement was the most difficult.
Arminian Theology: Myths And RealitiesReview Date: 2007-09-19
A Reformer's Must ReadReview Date: 2007-10-30
Olson's adroitly refutes each "myth" posited on Arminianism primarily by classical and contemporary Calvinists. (This theological genre is named for the early 16th century Dutch reform theologian and pastor, Jacob Arminius.)
Speaking from the "classical Arminian" camp Olson ranges over the vast surface of Arminius' beliefs: from human free will, to the sovereignty of God, to election and predestination, to Justification and the Atonement. By the end, Olson convincingly confirms that Arminius, as a Protestant, is significantly different from Calvinists, Catholics, and Anabaptists of his era and today. (Arminius seems to have appreciated Luther.)
Each chapter is helpfully composed and presented in the same way. Olson posses a "myth" (an untruth), rebuffs it, documents what Arminius himself say on the topic, and then presents various Arminian thinkers reflections on the theological issue. Episcopus, Wesley, Watson, Pope, Miley, Wiley, Theissen, Oden and many more over the past 400 years are variously considered and extensively quoted. The author poignantly recommends that Arminianism's critics would do well to study it before condemning it. Finally, he rightly challenges Arminians and their critics to work together for proclaiming the mission of Jesus Christ.
Olson's is a good read teaching much about theology, the via salutis, and God's love. Although somewhat technical this book is recommended to any with interest in various Christian doctrines (such as free will vs. predestination, irresistible vs. resistible grace, original sin, prevenient grace, imputed righteousness, forensic justification, penal substitutional atonement, etc.) Olson is a must read for all reform theologians, Arminians, and Calvinists.
Happy Reformation Day!

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A Praise TripReview Date: 2007-09-03
We go to the Grand Canyon, one example, but also to the lakes and other canyons in Arizona. I have often been to Oregon and experienced the beauty of the water falls and to Colorado to enjoy the Rocky Mountains.
This book is a praise trip for the reader, each page is an experience of worship. How great is our God, who created such magnificent beauty for us to enjoy. How blessed I was to receive this book as a gift and I immediately bought copies for my family. May many enjoy the beauty of God's creation. We are to fill our hearts and minds with praise and this is a wonderful way to start!
Full of His Glory...Review Date: 2006-11-15
Finding the Sacred in Earth, Wind & FireReview Date: 2006-04-28
2nd BEST book EVERReview Date: 2003-06-13
Modern ParadiseReview Date: 2006-05-06

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Two books in oneReview Date: 2008-07-21
The second theme of the book is an analysis of the concepts of Arab identity and the experiences of Arab women. It is interesting,more academic in tone.
Well worth reading both for evocative descriptions of Cairo and growing up and for Dr. Ahmed's thoughts about her identity as an arab, as a woman and as a moslem.
Lifesaver!!Review Date: 2007-10-05
An eye opening account of what it means to be a MuslimReview Date: 2003-12-17
Leila Ahmed is a great writer!Review Date: 2006-12-26
I relate to this book on so many levels....Review Date: 2005-01-26

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a very useful and interesting business history bookReview Date: 2003-04-06
Some of this is obvious, but somewhat in the backround of our knowledge - "between 1860 and 1920 the population of the US grew from 31.5 to 107 million" - and some of this is well extracted in this book - e.g. "in 1844 (when Henry J. Heinz was born)less than 10% of American's lived in towns of greater than 2,500 population, 75 years later (when he died) 50% were urban dwellers and 20% lived in cities of greater than 250,000 people". Koehn builds up this demand side very well in each of the six cases she uses to illustrate who entrepreneurs build up branded business - Wedgwood , Heinz, Marshall-Fields, Estee Lauder, Starbucks and Dell.
Koehn, a Harvard business historian, is also quite good at showing how developing technology is put to use to serve this demand (or does it create it?) - "In 1830 it took three weeks to get calico from New York to Chicago, in 1860 it took three days, by 1880 ... less than 24 hours"
Again we all knew the importance of the railroad, but here its phrased in a way that makes sense of the dynamic growth and gentrification of the Mid West. She illustrates well the need that urbanisation created for prepared food that could be trusted and describes very well the increasing sophistication of industrial level food preparation - " by the 1860;s the introduction of calcium chloride to boiling water cut sterilization times from five hours to 25 minutes". She can even make innovations in canning technology sound exciting.
So much for the good stuff, I did find the tone of the descriptions of each entrepreneurs a bit fawning. Each had the feel of a business case, with the usual tone of awe and deference to the wit and wisdom of the main characters. With the exception of the Starbucks case - where Howard Shultz openly tells of his mistakes and wrong turnings - each case seems to highlight the wisdom of the main character, whereas it seems to me its their determination that marks them out, more than anything else. Henry Heinz went bankrupt three times in food products, before he became successful, Michael Dell was still seen as a cloner into the late 1980's.
Koehn makes no judgements about the more unpleasant side of this determination - Estee Lauder staged a meeting with the Duke of Windsor, which she had photographed and publicised, in order to make it appear she had high-society connections, Josiah Wedgwood supplied free gifts to royalty in the certain knowledge that the aspirations of the middle classes to emulate royalty would drive demand for this his products.
There are good insights into how these individuals drove modern marketing techniques - Wedgwood emphasized showrooms, Estee Lauder the free gift. And all had tremendous energy for customer service and production detail. However in each of the early cases we are told that 20th Century techniques were unknown to the industry " Brand marketing was virtually unheard of in the 18th Century" [ Wedgwood]; " Between 1869 and 1899, real per capita income increased at an annual compound rate of 2.1%. Henry Heinz had no access to these statistics. These numbers are based on economic concepts developed in the 20th Century". This kind of clumsiness crops up in each case, ok we get the point that these pioneers instinctively did something which is now solidified into great theory, but surely this point could be illustrated with more deftness.
This apart, a very useful and interesting book, a book for anyone interested in the general history of business. Some excellent details, too much fawning and praise too little criticism of the central characters who built the brands. A fascinating story.
If you liked this book, check out books by Arthur Chandler and John Drewer.
One final fact, Charles Darwin had the time and money to devote to his famous voyage on the Beagle - which laid the basis for the theory of Evolution - because his wife's grandfather was Joshua Wedgwood. Was this financial evolution at work?
Overview of successful entrepreneurial approaches to brandsReview Date: 2003-02-13
To make her case, she chose three cases from the past (Wedgwood, Heinz, and Marshall Field) and three cases from the present (Estee Lauder, Starbucks, and Dell Computers). Finally, she concludes the book with a chapter which addresses the issue of historical forces and entrepreneurial agency.
I particularly found the cases from the past persuasive in their argumentation for a long-term differentiating factor in brand. The newer cases are obviously harder to make in that (particularly with Starbucks and Dell) how long-term the success will be remains to be seen. One of the best features of the book is the depth with which she treats each case-- she provides enough information to build her thesis (and often entertain with the anecdotes) but not so much that the book becomes bogged down. The excellent footnotes provide whatever's necessary to someone looking for further information.
One minor quarrel is that I would have liked to see the further reading pulled out into a better organized bibliography. There were obviously quite a few good sources scattered amongst the footnotes and if you were interested in a particular subject matter it required some patience to pull all of the citations out.
everything you wanted to know about branding . . . and moreReview Date: 2001-11-25
an excellent reference and clearly meticulously researched
Learning from Branding HistoryReview Date: 2005-04-02
Koehn is a professor at no less than the Harvard Business School. She is also an excellent writer, and she understands that the essence of getting good information across is stories. Brand New is a book of stories about branding. It is anything but boring.
Koehn divides the book into two giant sections, The Past and The Present.
In The Past, she includes the stories of Josiah Wedgwood, H. J. Heinz and Marshall Field. All the stories are told in detail enriched by facts, insights, and quotes. All of them contain lessons for today's businessperson. Most of the lessons are about branding, but there's a lot more.
Read this book and you will find out all about how Josiah Wedgwood changed the common practice by impressing his own name in the unfired clay of his works. That's impressive. But you will also learn how his partnership with Thomas Bentley took Wedgwood's strengths and his insight about branding and turned them into a highly profitable business.
You'll learn about why H. J. Heinz packed his product in glass jars and how he kept control of his distribution. You'll hear about the 1902 giant opening at Marshall Field's and you'll learn about Field's varying relationships with his partners.
In the section on The Present, you will get the story of Estee Lauder and how she changed not only her name and image but also the face of cosmetic marketing through magnetism and incredible persistence. You'll hear how Howard Schultz wound up at Starbucks Coffee and why it bears his imprint, and you'll hear about Michael Dell without overmuch mention of the legendary dorm room.
The stories themselves make delightful reading, but the learning is probably even more important than the enjoyment. These stories illustrate how specific, successful entrepreneurs took a look around at things that were happening in society and developed products and brands and marketing and distribution systems to take advantage of them. These insightful and inspiring stories will help you understand your own business and find ways to make it more profitable.
Brands Old: Inspiration for Brands Yet to BeReview Date: 2002-11-26
Before 1945, Koehn observes, "few American women wore premium lipstick or facial creams, and those who did [when they could] bought them in beauty shops along with elaborate treatments administered by trained cosmeticians. Then came Estee Lauder. Prior to the late 1970s, Americans bought ground coffee mostly in one-pound cans sold in supermarkets and supplied by large food processors. Then came [Howard Schultz and] Starbucks. Before 1980, most businesses used only typewriters and copy machines for paperwork. Large companies relied on mainframe and midsize computers to handle extensive calculations and data processing. Only a small number of households owned a personal computer or printer. Few if any of these users expected to be able to specify a particular computer's configuration. Then came Apple, IBM, Compaq, and Michael Dell." It is also important to stress that each of the six entrepreneurs whom Koehn discusses fully understood what rapid social and economic change in their respective era meant for consumers' needs and desires. Moreover, as she carefully explains, all six used their knowledge of both the supply and demand sides of the prevailing economy to create high-quality goods,, meaningful brands, and other connections with customers..." and they built elite organizations that worked to [in italics] satisfy and then [in italics] anticipate buyers' changing preferences."
In Chapter 1, Koehn provides a brilliant overview on "Entrepreneurs and Consumers," then devotes an entire chapter to each of the six entrepreneurs. In her final chapter, she shifts her attention to "Historical Forces and Entrepreneurial Agency," followed by 104 pages of notes. In that final chapter, Koehn points out that the six entrepreneurs "lived and worked in different contexts. Yet they all shared a powerful gift: the ability to discern how economic and social change affected consumer needs and wants. They also understood that these demand-side shifts presented critical business opportunities -- opportunities that each exploited by creating new, best-of-class goods and strong brands." She goes on to suggest that they were "institution builders who were not interested in riding the wave of a short-lived trend or forcing their young brands on buyers. They wanted to [in italics] earn consumers' trust and keep it."
It remains to seen which entrepreneurs emerge during the next few years but it seems certain that they will also encounter "economic and social change affected consumer needs and wants" and in a global marketplace yet to be developed. There is much that they -- and we -- can learn from Josiah Wedgwood, H.J. Heinz, Marshall Field, Estee Lauder, Howard Schultz, and Michael Dell. Thanks to Nancy Koehn, those "lessons" are provided in a single volume, one which will continue to be of interest and value for decades to come.
Those who share my high regard for this book are urged to read Wolf's The Entertainment Economy, Schmitt's Experiential Marketing, Gobe's Emotional Branding, Gilmore and Pine's The Experience Economy, and Brands: The New Wealth Creators co-edited by Hart and Murphy.

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Not what I expectedReview Date: 2008-05-29
Great Book About the Chicago LoopReview Date: 2006-05-27
A Lovely Book's Tribute to a Great CityReview Date: 2006-02-18
Chicago in its Glory DaysReview Date: 2006-02-10
Great Guidebook to ChicagoReview Date: 2005-10-26

The best book for handmade chainsReview Date: 2008-07-05
These chains are not soldered; they are fused and woven. I recommend you have at least a semester of college level jewelry or several years of soldering under your belt before jumping in with this one. But it worthwhile if you want to make chains that are worthy of royalty, or have a chain for a piece of art jewelry that will do it justice.
This is a workbook, progressing from the simplest and easiest to progressively more complex chains. After the first couple hundred fused links you become pretty adept. After fusing the links, you will learn to weave links into patterns. These are not your ordinary chains. They are strong, beautiful and flexible.
Jean is obsessively precise in her work, so this book is very precise. She goes over what gauges work for which patterns, as well as all the little tips that make a chain look superb. It's a lovely book, very well-written and one to be included in a goldsmith's library.
To get a better idea of the creativity and precision of this lady's work, go to Randy Smith's website: http://www.rocksmyth.com/ and look for Jean Stark's work. Prepare to be amazed at all the lovelies and realize that pictures do not do her work justice, as good as the pictures are. Many of the chains are made with 30 ga. wire, which is not much thicker than sewing thread. Her chains feel like silk.
If you're serious about making fine quality chains, then you need this book. Jean Stark is the guru.
Great BookReview Date: 2008-06-20
Classic loop-in-loop chainsReview Date: 2007-11-29
Classical Loop-in-Loop Chains - an excellent instruction manualReview Date: 2007-04-27
This book is an instruction manual rather than a reference source. The instructions presented have been tried and tested on a number of students, and incorporates feedback from the students. The black and white photographs shown are of the chain work produced by the students as well as the author.
Loop-in-loop is the description of how chains are constructed with each chain link looping within each other to form a chain. Examples of this type of chain are on the front cover of the book.
The classical chains covered in this book are described as single loop-in-loop, side-weave single, single though-bead, basic pinched loop, roman pinched loop, pinched loop with wrapped beads, pinched loop through-beads, basic double loop-in-loop, double with wrapped beads, weave-off double, two-way double loop-in-loop, three-way double loop-in-loop, four-way double loop-in-loop, multiple soldered single, multiple soldered pinched loop, pinched loop with spacers, multiple woven single mesh, multiple woven double. In all 34 chains are described, 16 derivatives of the 18 definitely attributed ancient style of chains.
The main emphasis of this instruction work is on using fine silver and fusing to form whole links incorporating annealing, and then shaping into the links, and then forming the chain. Detailed step-by-step instructions are given on forming links up front, and then each chain has instructions on how to shape the required link, and then form into the chain. This book clearly explains and demonstrates these techniques and processes.
Each chain has a list of the materials needed (in inches and gauges (thickness) - appendices contain conversions) to make it at a given length. These can be used as references for links/inch or used to adjust as necessary to form a necklace or bracelet of given length. An appendix is supplied which gives recommended dowel diameters for the wire gauges for making variations to basic chains. The authors viewpoint is that making chains is an art form, and this book is to develop the students abilities and to encourage their own subsequent development and personal refinement of explained techniques.
Although primarily based on fine silver work (sterling is unsuitable for these techniques - if you solder links that is a different technique), the book does cover how to produce fused chains in 22K gold (including 22k gold metal alloy composition that was used in antiquity and for which these techniques work best).
There is a 25 page chapter on clasps and terminations, cross referenced with what chains they are suitable for, and the chains are cross referenced with what clasps and terminations are suitable.
This book does not have colour photographs. It has diagrams (at enlarged sizes for easier viewing) showing how to form the chain links and join with the next link and or terminate. Black and white photographs show finished chains and/or portions of finished chains. There are no photographs of ancient chains, and very little information on any apart from the detailed instructions on how to make them. Occasionally there are snippets about the existence of such an ancient chain, and even where it is located.
If you do not currently possess silverworking/chainworking tools you will need to purchase them to make the chains in this book, as well as needing work bench space. There are details in the book about what tools you will need, and for the USA where to obtain them. This book does not go over any of the safety aspects of using blowtorches or kilns. Please make sure you have on instruction on these before proceeding.
With the price of silver (and gold) the making of the chains will not be inexpensive, but if you wish to learn how to make a number of chains, this book will explain how.
This is a well organised, well presented instructional book. I would suggest to re-read the two pages covering "Weaving" and "Achieving best results" with "common problems and how to avoid them" before commencing each chain.
great text for your libraryReview Date: 2006-09-01

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Truth is more fascinating than fictionReview Date: 2005-11-18
English and French history can be extremely difficult for someone new to that period of time. There are a lot of players with the same name (Isabella, the most hated queen of England and wife of Edward II; Isabella of Spain, Henrys I, II, III, IV, etc., not to mention the Henrys (Henris of France). However, plugging away is definitely worth it and reaps great rewards because what could be more fascinating as the truth (as far as it can be told after hundreds of years after the fact). John is more famous as being forced to sign the Magna Carta, not for the fact he murdered one nephew and imprisoned his niece as being threats to his throne while Richard III gets pilloried for his "supposed" murder of this nephews. It was John who had the country excommunicated a few times for his actions (no burials, no communion, no marriages, etc.) until people realized that nothing terrible happened. And it was when I came to the last part and reach about Richard III and the difference between the "real" character and Shakespeare's Richard III when I decided to pursue the case further and then read Josephine Tey's famous book on Richard, The Daughter of Time, that started me on the road to becoming a Ricardian. Eleanor of Aquitaine, the first (to me) feminist.
Great history and worth reading and pursuing if you don't manage it the first time. It's worth the effort. (A genealogical chart would be helpful.)
Fantastic history booksReview Date: 2007-08-20
Thorough but datedReview Date: 2004-11-01
Monumental and MagnificentReview Date: 2003-01-09
Fantastic seriesReview Date: 2004-06-30
This series by Thomas Costain have been around for a long time. Its one of the easiest to read written history on ruling family of the Plantagenats who ruled England from Henry II to Richard III. That's nearly 300 years of English history. Costain's story telling skills mixed with great history make this series one of the best set of books in introducing anyone to mediveal English history.
Having said that, it should be warned that Costain's history isn't exactly very scholarly. The author does take few liberties with the facts, even putting in few liners here and there to advanced the story. Even some events which may be more mythological then true, have been told as if they may be true. Costain also have his own bend to certain views and his sympathic views on certain events and personalities may not reflect history's. (The series almost does read like "historical fiction novels" and has been mistaken for such by the uneducated. Especially by those who worked in bookstores.)
But Costains' creative inputs should not distract from the fact the most of what written in his four books proves to be very entertaining and accurate history. Even those who may not care for mediveal history have enjoyed it since I have recommended this series to several friends who regards such subject as one of the most boring subject next to watching dust bunnies grow. By the time they were done with my books, they were ordering their own set.


Excellent primer for the emerging field of social businessesReview Date: 2008-07-09
"the missing piece of capitalism"Review Date: 2008-05-21
This disparity of resource distribution is wrong in practice, says Yunus. With globalized capitalism devouring diminishing resources, it's unsustainable; it also threatens global security. But extreme poverty is wrong in principle, too, because it deprives billions of human beings of the most basic of all human rights, the right to live a decent life. For over thirty years, Muhammad Yunus has worked with remarkable creativity, perseverance and vision to rectify these stubborn inequities. Most people know him as the founder of the Grameen Bank in Bangladesh, for which he was awarded the Nobel Peace Prize in 2006. Today the Grameen Bank gives collateral free micro-loans to 7 million of the poorest of the poor in Bangladesh (97% of whom are women). Since its inception they have made loans totaling $6 billion, with a repayment rate of 99%. Yunus tells this story in his autobiographical bestseller Banker to the Poor; Micro-Lending and the Battle Against World Poverty (1999, 2003).
His newest book continues the story of the many and latest permutations of the Grameen vision to eradicate poverty. This includes a stable of twenty-five Grameen replicants that specialize in everything from solar energy and internet kiosks to fish ponds, textiles, cell phone ladies, and livestock breeding. But all these are mere "stepping stones" in Yunus's fertile imagination. The focus of his newest book is what he calls "social business." While normal businesses must focus on profit-maximization, and can even be sued by shareholders if they don't, a "social business" is what Yunus calls a "non loss, non-dividend" business whose primary objective is some social benefit. A social business competes in the market place with every other business, it must cover its costs, and it reinvests profits back into the company. This is a far more radical idea than mere corporate social responsibility, which in his mind tends to window-dressing and has an inherent conflict of interest between the requirement to maximize profit and the intention to do good.
Sound crazy? Well, read this book and its extended case study of how Grameen partnered with Groupe Danone of France to create what Yunus calls "the world's very first consciously designed multinational social business," launched in 2006. This was followed by Grameen's eye care hospitals. He thus envisions in social businesses a "giant leap" forward for addressing poverty in a scalable, replicable way. "Social business," he argues, "is the missing piece of the capitalist system." They do what government, NGOs, charity, and multi-lateral organizations like the World Bank can never do. Yunus is the quintessential dreamer--his wish list for the world of 2050 has nineteen bullet points; but read this book and his previous one and you'll also see that he's the consummate doer.
Someone rewrite the Capitalist TextbooksReview Date: 2008-05-17
A Game ChangerReview Date: 2008-05-03
Good Intensions, but not Completely Good Review Date: 2008-05-06
Now what the heck does Islam have to do with saving people from poverty you might ask? God does not want these people to suffer. I agree with that. But he also does not want us to solve our problems through means which are considered sinful. Mr. Yunus has not fully addressed this issue and he has merely argued that the lack of excessive interest in micro-lending is consistent with the Islamic prohibition of usury. Islam has nothing against Capitalism and it encourages free trade, but Allah has made guidelines for trade and that includes not making a profit off of money itself.
There is debate in Islam on whether excessive interest or interest in general is forbidden with the latter being the majority opinion. But Yunus says that his microcredit is moderate and not excessive at all.
It has been reported that borrowers have become swamped with debt and it has brought some communities down. The interest charged by Grameen Bank is higher compared to that of traditional banks so if a person has trouble repaying the loan in a given time, he or she will suffer financially. He mentions on his website that the Indian Prime Minister called him a messiah, yet a former Prime Minister of Bangladesh, his own country, called him corrupt. I would refer you to read "Is micro-credit a macro trap?"
He says something on p55 that I think really brings the issue of poverty to its roots. He says when men make money, they spend it on themselves and when women make money, they spend it on the whole family. In Islam, a man must take care of his family. It is his responsibly, not the woman. When I say man, I mean, Father, husband, brother, etc. If he does not fulfill his duties, then I guess we need microcredit to save the day. My point is that Islam is the answer to poverty. It is the way and it is the light. Its not just about getting money to the poor, it's about a whole system of life that is consistent with justice. There should not be one woman in Bangladesh or anywhere in the world who must work for money. They should only have the option to work. We have men, who are Muslim,that are not taking their duties seriously and everyone suffers because of that. We have enough food in the world to feed everybody and still have some left over, but we still have people suffering from hunger. It is not a lack of resources; it is a lack of justice in the distribution process. Americans throw out 200,000 tons of food that can be eaten every day. There is so much that I can say on the economic conditions that we are facing but I wont. My advice would be to verify every piece of information that you get before you accept it.
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from which to compare today's culture with that of earlier times in America.