Capital, Interest & Rent

BIBLIOGRAPHICAL NOTE

For a recent appreciation of Fetter’s contributions to economic thought, see John Appleby Coughlan, “The Contributions of Frank Albert Fetter (1863-1949) to the Development of Economic Theory” (Ph.D. diss., Catholic University of America, 1965). For an early summary of his theoretical system that apparently received Fetter’s approval, see Robert F. Hoxie, “Fetter’s Theory of Value,” Quarterly Journal of Economics 19 (February 1905): 210-30. Hoxie concluded that Fetter (in his Principles of Economics: With Applications to Practical Problems [New York: Century Co., 1904]) had created a “system which, for logical consistency, is without precedent; a system through which with clearness there runs one essential chain of thought . . . and as successive links of which the problems of the value of consumption goods, rents, wages, and profits, the value of productive agents, and interest are successively solved” (ibid., p. 230). General discussions of Fetter’s contribution may be found in Joseph Dorfman, The Economic Mind in American Civilization, 5 vols. (New York: Viking Press, 1959), 3:360-65, 385-86; 5:464-79; and Wesley C. Mitchell, Types of Economic Theory: From Mercantilism to Institutionalism, 2 vols. (New York: Augustus M. Kelley, 1969) 2:251-300. I have included a bibliography of Fetter’s works at the end of this volume.