The Rate of Interest: Its Nature, Determination and Relation to Economic Phenomena PDF Download
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Author: Irving Fisher
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 476
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Book Description
Author: Irving Fisher
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 476
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Book Description
Author: Irving Fisher
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 472
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Author: Irving Fisher (Singer)
Publisher:
ISBN:
Category :
Languages : en
Pages : 442
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Author: Irving Fisher
Publisher:
ISBN: 9781330488096
Category : Business & Economics
Languages : en
Pages : 472
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Book Description
Excerpt from The Rate of Interest, Its Nature, Determination and Relation to Economic Phenomena The problem of interest has engaged the attention of writers for two thousand years, and of economists since economics began. And yet, with the exception of what has been accomplished by Rae, Bohm-Bawerk, Landry, and some others, very little progress has been made toward a satisfactory solution. Even these writers can scarcely claim to have established a definitive theory of interest. While the value of their work is great, it is chiefly negative. They have cleared the way to a true theory by removing the confusions and fallacies which have beset the subject, and have pointed out that the rate of interest is not a phenomenon restricted to money markets, but is omnipresent in economic relations. The theory of interest here presented is largely based upon the theories of the three writers above mentioned, and may therefore be called, in deference to Bohm-Bawerk, an "agio theory." But it differs from former versions of that theory by the introduction explicitly of an income concept. This concept, which I have developed at length in The Nature of Capital and Income, is found to play a central role in the theory of interest. The difficult problem is not whether the rate of interest is an agio, or premium, for of this there can be no question, but upon what does that agio depend and in what manner? Does it depend, for instance, on the volume of money, the amount of capital, the productivity of capital, the "superior productivity of roundabout processes," the labor of the capitalist, the helplessness of the laborer, or upon some other condition? About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."
Author: Irving Fisher
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 0
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Author: John Maynard Keynes
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Author: Irving Fisher
Publisher:
ISBN:
Category : Money
Languages : en
Pages : 558
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Author: Irving Fisher
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 488
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Author: Irving Fisher
Publisher: Nabu Press
ISBN: 9781294720027
Category :
Languages : en
Pages : 478
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Book Description
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
Author: John Maynard Keynes
Publisher: Atlantic Publishers & Dist
ISBN: 9788126905911
Category : Business & Economics
Languages : en
Pages : 410
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Book Description
John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning
