The Rate of Interest, Its Nature, Determination and Relation to Economic Phenomena (Classic Reprint)

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.

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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

Binding: Paperback

EAN: 9781330488096

Condition: New

Manufacturer: Forgotten Books

Number of items: 1

Number of pages: 468

Product group: Book

Studio: Forgotten Books

Publication Date: 2017-05-10

Publisher: Forgotten Books

Pages: 468

ISBN: 1330488091

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