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Edited by William J. Barber

Consulting Editor James Tobin

Published: 1997
DOI: 10.4324/9781851962259
Set ISBN: 9781851962259

Set Contents

The Rate of Interest

Edited by
William J. Barber

Consulting Editor James Tobin

The Rate of Interest, published in 1907, was a logical sequel to The Nature of Capital and Income (which had appeared in 1906). Indeed Fisher regarded them as companion volumes and had sought – unsuccessfully – to persuade his publisher to make an advance announcement of the projected second volume at the time the first was being promoted. The first of the two books had demonstrated the crucial role of the interest rate in determining capital values through the discounting of the prospective income stream. What remained to be shown was how the interest rate itself was determined. Fisher assigned himself that task in the 1907 work.

Volume Contents

Front Matter
Editorial Introduction with Selected Document By William J. Barber
The Rate of Interest By Irving Fisher
- Prelims
- Criticism
  - I
    
    Crude Theories
  - II
    
    Productivity Theories
  - III
    
    Cost Theories
  - IV
    
    Böhm-Baweek’s Theory
- First Approximation
  - V
    
    Appreciation and Interest
  - VI
    
    Time-Preference
  - VII
    
    First Approximation To The Theory of Interest (Assuming Income Rigid)
- Second and Third Approximations
  - VIII
    
    Second Approximation to the Theory of Interest (Assuming Income Flexible)
  - IX
    
    Classes of Options
  - X
    
    Invention
  - XI
    
    Third Approximation to the Theory of Interest (Assuming Income Uncertain)
- Conclusions
  - XII
    
    Rôle of Interest in Economic Theory
  - XIII
    
    Application to Actual Conditions
  - XIV
    
    Inductive Verification (Monetary)
  - XV
    
    Inductive Verification (Economic)
  - XVI
    
    Inductive Refutation of “Money Theory”
  - XVII
    
    Summary
- Appendices
  - Appendix to Chapter II: Productivity Theories
  - Appendix to Chapter IV: Böhm-Bawerk’s Theory
  - Appendix to Chapter V: Appreciation and Interest
  - Appendix to Chapter VII: First Approximation
  - Appendix to Chapter VIII: Second Approximation
  - Appendix to Chapter XI: Third Approximation
  - Appendix to Chapter XIV: Statistical Data
- Index
Editorial Postscript with Selected Documents By William J. Barber
The “Impatience Theory” of Interest By Irving Fisher
Science By Irving Fisher