The Theory of Interest As Determined by Impatience to Spend Income and Opportunity to Invest It PDF Download
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Author: Irving Fisher
Publisher: Martino Fine Books
ISBN: 9781614273318
Category : Business & Economics
Languages : en
Pages : 610
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Book 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 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).
Author: Irving Fisher
Publisher: Martino Fine Books
ISBN: 9781614273318
Category : Business & Economics
Languages : en
Pages : 610
Get Book Here
Book 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 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).
Author: Irving Fisher
Publisher: A. M. Kelley
ISBN:
Category : Business & Economics
Languages : en
Pages : 616
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Author: Irving Fisher
Publisher:
ISBN: 9780678000038
Category : Interest
Languages : en
Pages :
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Author: Irving Fisher
Publisher:
ISBN:
Category :
Languages : en
Pages : 566
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Author: Irving Fisher (Economiste)
Publisher:
ISBN:
Category :
Languages : en
Pages : 566
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Author: Irving Fisher
Publisher:
ISBN:
Category : Capital
Languages : en
Pages : 482
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Author: Irving Fisher
Publisher:
ISBN:
Category :
Languages : en
Pages : 566
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Author: Irving Fisher
Publisher:
ISBN:
Category :
Languages : de
Pages : 450
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Author: Irving Fisher
Publisher: Simon and Schuster
ISBN: 1627939997
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. In other words, the numerical/face value (nominal value) of money is mistaken for its purchasing power (real value). This is false, as modern fiat currencies have no inherent value and their real value is derived from their ability to be exchanged for goods and used for payment of taxes. The term was coined by John Maynard Keynes in the early twentieth century. Almost every one is subject to the "Money Illusion" in respect to his own country's currency. This seems to him to be stationary while the money of other countries seems to change. It may seem strange but it is true that we see the rise or fall of foreign money better than we see that of our own.-IRVING FISHER
Author: Irving Fisher (Singer)
Publisher:
ISBN:
Category :
Languages : en
Pages : 566
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