Read The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest It

The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest It

Irving Fisher

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Description: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).We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest It. To get started finding The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest It, you are right to find our website which has a comprehensive collection of manuals listed.
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ISBN: 0879918640

Description: 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).We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest It. To get started finding The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest It, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest It

The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest It

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