Abstract
Despite the voluminous literature on many aspects of hire purchase, there is an almost total dearth of serious contributions on the basic economics of hire purchase regulation by the imposition of minimum deposits and maximum repayment terms. Even the six volumes of -the Federal Reserve Board report on consumer credit gave little help; as regards the short-term effects of changing the degree of hire purchase control, it was obvious that everyone was just guessing. More recently, the evidence given before the Radcliffe Committee on this aspect of the subject is more conspicuous for its gallantry than for its penetration. The Committee's conclusions, which certainly accorded with the general weight of the evidence, were:
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
