First published 1930
The Theory of Interest
The Theory of Interest by Irving Fisher is available as a free PDF and EPUB download at freecapitalists.org.
- Irving Fisher
- First published
- 1930
- Format
- PDF and EPUB
- Pages
- 347
- Publisher
- New York: Macmillan, 1930; Online Library of Liberty edition
- License
- Public domain by publication date.
Irving Fisher's 1930 rewrite of his earlier Rate of Interest, subtitled as determined by impatience to spend income and opportunity to invest it. It derives the interest rate from individual time preference and investment opportunity, separates real from money rates, and treats the effects of price-level change and risk, with mathematical appendices.
Questions
About this book and this copy
- Is The Theory of Interest free to download?
- Yes. The complete 347-page PDF and EPUB downloads directly from this page (2.7 MB). There is no signup, no account and no paywall.
- How long is The Theory of Interest?
- 347 pages, 227 chapters, and about 145,071 words in the edition this archive serves.
- Who wrote The Theory of Interest?
- Irving Fisher was one of America’s greatest mathematical economists and one of the clearest economics writers of all time. This archive holds 3 of Fisher's works.
What's in it
227 chapters · 145,071 words · free to read here
- ERRATA
- PREFACE
- SUGGESTIONS TO READERS
- §1. Subjective, or Enjoyment, Income
- §2. Objective, or Real, Income (Our "Living")
- §3. Cost of Living, a Measure of Real Income
- §4. Cost of an Article vs. Cost of Its Use
- §5. Measuring at the Domestic Threshold
- §6. Money Income
- §7. Capital Value
- §8. The Rate of Interest
- §9. Discounting is Fundamental
- §10. Costs, or Negative Income
- §11. The Discount Principle Applied
- §12. Double Entry Bookkeeping
- §13. Simplicity Underlying Complications
- §14. Capital Gain not Income
- §15. Capital-Income Relations
- §16. Application to this Book
- §17. Confusions to be Avoided
- §18. A Working Concept of the Rate of Interest
- §1. Introduction
- §2. Assuming Foresight
- §3. Limitations of Theory
- §4. Real and Money Interest
- §1. Introduction
- §2. The Exploitation Explanation of Interest
- §3. Interest Taking Survives all Opposition
- §4. Naïve Productivity Explanations
- §5. Two Other Pitfalls
- §1. Preference for Present over Future Income
- §2. Reduction to Enjoyment Income
- §3. Impatience Depends on Income
- §4. Interest and Price Theory
- §5. Specifications of Income
- §6. The Influence of Mere Size
- §7. The Influence of Time Shape
- §8. The Influence of Risk
- §9. The Personal Factor
- §10. The Personal Factor Summarized
- §11. Income Rather Than Capital in the Leading Rôle
- §12. Impatience Schedules
- §1. Hypotheses of First Approximation
- §2. Income Prescribed
- §3. Equalization of Impatience
- §4. Altering Income by Loans
- §5. Altering Income by Sale
- §6. Interest Ineradicable
- §7. "Marginal" Principle Is "Maximum" Principle
- §8. Market Equilibrium
- §9. Four Principles
- B. Principle of Maximum Desirability
- B. Principle of Repayment
- §1. The New Hypothesis
- §2. Optional Income Streams
- §3. The Two Kinds of Choice
- §4. Opportunity to Invest by Change of Use of Capital
- §5. The Reasoning not "Circular"
- B. Principle of Maximum Desirability
- B. Principle of Repayment
In the lecture archive
Lectures that discuss The Theory of Interest
Recorded talks in this archive that name this book, each linked to the moment it comes up:
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12. "The Marginal Efficiency Of Capital"
Irving Fisher wrote clearly, for example, in The Theory of Interest, 1930, page 37.
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The combined theory of the interest rate reached its highest and most elaborate expression in Irving Fisher's great work The Theory of Interest, 1930.
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Irving Fisher in The Theory of Interest, 1930, played with the idea for a few sentences.
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