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Modern Economic Problems

  • Modern Economic Problems by Frank Fetter
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Tags Calculation and Knowledge

01/01/1917Frank A. Fetter

The present volume deals with various specific problems in economics.

Writes Fetter:

Truth, when at last found, is simpler than error, but often it is to be attained only by the hard road of analytic and abstract thought that follows through to the end the workings of each separate force and factor.

Fetter was the first economist to develop a complete statement of the pure time preference theory of interest, and he revolutionized the theory of rent which had been developed by David Ricardo and the classical economists and was still accepted by economists 100 years later.

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References

NY: Century, 1926