- We will send in 10–14 business days.
/images/books/7180142/9781258826925.jpg)
- Author: Irving Fisher
- Publisher: Literary Licensing, LLC
- ISBN-10: 1258826925
- ISBN-13: 9781258826925
- Format: 15.2 x 22.9 x 3.1 cm, minkšti viršeliai
- Language: English
- SAVE -10% with code: EXTRA
The Theory of Interest as Determined by Impatience to Spend Income and Opportunity to Invest It (e-book) (used book) | bookbook.eu
Reviews
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).
EXTRA 10 % discount with code: EXTRA
The promotion ends in 23d.14:27:03
The discount code is valid when purchasing from 10 €. Discounts do not stack.
- Author: Irving Fisher
- Publisher: Literary Licensing, LLC
- ISBN-10: 1258826925
- ISBN-13: 9781258826925
- Format: 15.2 x 22.9 x 3.1 cm, minkšti viršeliai
- Language: English English
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).
Reviews