The Pure Time-Preference Theory of Interest (Large Print Edition) - Softcover

Herbener, Jeffrey M.

Softcover

ISBN 10: 1479384569 ISBN 13: 9781479384563

Publisher: CreateSpace Independent Publishing Platform, 2011

Synopsis

LARGE PRINT EDITION! More at LargePrintLiberty.com

It’s about time. Really! An entire book fleshing out the pure time-preference theory of interest has finally been assembled. The present crop of Keynesians play with interest rates believing they can create prosperity without a sound theoretical basis for how the market determines rates. It is the Austrian insight that present goods have a higher value than future goods, while the followers of Lord Keynes foolishly try to abolish human action.Giants of the Austrian world have been assembled for the task, along with a fresh new introduction by Jeffrey Herbener. Rothbard, Mises, Garrison, Kirzner and Fetter systematically provide the underpinnings of a theory that, as Israel Kirzner writes, “for almost a century a particular theory of interest has been again and again discussed, refuted, defended, ignored, forgotten, and rediscovered; somehow it has managed to survive.”

Edition details

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2011
• Language: English
• ISBN 10: 1479384569
• ISBN 13: 9781479384563
• Binding: Paperback
• Number of pages: 188