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Pure Time-Preference Theory of Interest - Digital Book

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An entire book fleshing out the pure time-preference theory of interest has finally been assembled.
Price: $5.00
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This professionally prepared ebook is an electronic edition of the book that is designed for reading on digital readers like Nook, Kindle, iPad, Sony Reader, and other products including iPhone and Android smart phones. The text reflows depending on your font preferences and it contains links from navigation.

It’s about time. Really! An entire book fleshing out the pure time-preference theory of interest has finally been assembled. The present crop of Keynesians play with interest rates believing they can create prosperity without a sound theoretical basis for how the market determines rates. It is the Austrian insight that present goods have a higher value than future goods, while the followers of Lord Keynes foolishly try to abolish human action.

Giants of the Austrian world have been assembled for the task, along with a fresh new introduction by Jeffrey Herbener. Rothbard, Mises, Garrison, Kirzner and Fetter systematically provide the underpinnings of a theory that, as Israel Kirzner writes, “for almost a century a particular theory of interest has been again and again discussed, refuted, defended, ignored, forgotten, and rediscovered; somehow it has managed to survive.”

Find out why!

From Douglas French’s foreward:

The following essays parse through the uniquely Austrian insight of the pure time-preference theory of interest, but more importantly go to the core of why modern central bank monetary engineering leaves the economy further from recovery while at the same time providing a Petri dish for speculation and malinvestment.

• Foreword by Douglas E. French
• Introduction by Jeffrey M. Herbener

  1. Time Preference - By Murray N. Rothbard
  2. Human Action: The Rate of Interest - By Ludwig von Mises
  3. In Defense of the Misesian Theory of Interest - By Roger W. Garrison
  4. The Pure Time-Preference Theory of Interest: An Attempt at Clarification - By Israel M. Kirzner
  5. Interest Theories, Old and New - By Frank A. Fetter
  6. Professor Rothbard and the Theory of Interest - By Roger W. Garrison

• Bibliography
• Index

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• Foreword by Douglas E. French
• Introduction by Jeffrey M. Herbener

  1. Time Preference - By Murray N. Rothbard
  2. Human Action: The Rate of Interest - By Ludwig von Mises
  3. In Defense of the Misesian Theory of Interest - By Roger W. Garrison
  4. The Pure Time-Preference Theory of Interest: An Attempt at Clarification - By Israel M. Kirzner
  5. Interest Theories, Old and New - By Frank A. Fetter
  6. Professor Rothbard and the Theory of Interest - By Roger W. Garrison

• Bibliography
• Index

ISBN 9781610162364
eISBN 9781610163484
Publication Date December 2011
Page Length 188

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