The Theory of Interest as Determined by Impatience to Spend Income and Opportunity to Invest It
Irving Fisher's classic study explains how impatience to spend and opportunities to invest jointly determine interest rates and capital formation.
About This Book
This book presents a systematic analysis of the forces that determine interest rates in an economy.
It explores the relationship between individuals' desire to spend income and the opportunities available for investment.
The work establishes core principles that connect time preference with capital allocation decisions.
Readers gain insight into the theoretical underpinnings of interest as an economic phenomenon.
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