The Theory of Interest; As Determined by Impatience to Spend Income and Opportunity to Invest It.

£1,250 · Offered by Maggs Bros Ltd

An important late work by Irving Fisher, consisting of a reformulation of his earlier work The Rate of Interest (1907), it represents the clearest and most famous exposition of Fisher’s theory of interest rates and investment, demonstrating ‘that the real rate of interest is determined by both demand and supply, by the demand for production and consumption loans on the one hand and the supply of savings on the other’ (Blaug, Great Economists before Keynes, p. 79). Fisher E-1539.

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