The Theory of Interest as Determined by Impatience to Spend Income and Opportunity to Invest It - Softcover

Fisher, Irving

Softcover

ISBN 10: 1614273316 ISBN 13: 9781614273318

Publisher: Martino Fine Books, 2012

Synopsis

2012 Reprint of 1930 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. This work is an important update and reworking of Fisher's "The Rate of Interest," first published in 1907. Very fundamental changes in the nature of the world economy, principally World War I, war financing, the sensational inflation of the currencies of the combatants, and the remarkable developments in new scientific, industrial and agricultural methods had occurred; all requiring integration into a new theory. Fisher called interest "an index of a community's preference for a dollar of present [income] over a dollar of future income." He labeled his theory of interest the "impatience and opportunity" theory. Interest rates, Fisher postulated, result from the interaction of two forces: the "time preference" people have for capital now, and the investment opportunity principle (that income invested now will yield greater income in the future).

About this title

Product Description

2012 Reprint of 1930 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. This work is an important update and reworking of Fisher's The Rate of Interest, first published in 1907. Very fundamental changes in the nature of the world economy, principally World War I, war financing, the sensational inflation of the currencies of the combatants, and the...

Edition details

• Publisher: Martino Fine Books
• Publication date: 2012
• Language: English
• ISBN 10: 1614273316
• ISBN 13: 9781614273318
• Binding: Paperback
• Number of pages: 610