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Economic Principles, Vol. 1
Excerpt from Economic Principles, Vol. 1
The more thoro analysis Of the economic properties of goods and actions has shown the need of new terms and of new definitions for Old terms, as in the cases of usance, the sepa rable use, rent, labor-income, time-preference, capital, interest, abstinence, consumptive, durative, and many other expressions. It is hoped that this revision Of fundamental concepts, as well as the new treatment Of enterprise and profits, the fuller statement of the capitalization theory of interest, and the separation Of the dynamic from the static theory, will be found helpful to teachers and acceptable in the end to all economic students.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The more thoro analysis Of the economic properties of goods and actions has shown the need of new terms and of new definitions for Old terms, as in the cases of usance, the sepa rable use, rent, labor-income, time-preference, capital, interest, abstinence, consumptive, durative, and many other expressions. It is hoped that this revision Of fundamental concepts, as well as the new treatment Of enterprise and profits, the fuller statement of the capitalization theory of interest, and the separation Of the dynamic from the static theory, will be found helpful to teachers and acceptable in the end to all economic students.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
- GenresEconomics
535 pages, Paperback
First published March 19, 2010
About the author
Frank A. Fetter
25 books5 followersFrank Albert Fetter was an American economist. He was accepted to the Indiana University in 1879 , only sixteen years of age. He was on the point of graduating in 1883 when he left the university to run the bookstore of his parents because of health problems of his father. Eight years later he returned and completed his B.A. in 1891.
In 1892, he became a fellow at Cornell University, President White School of History and Political Science and he earned his Master of Philosophy degree. He then went on to study at the Sorbonne in Paris, France and he earned his Ph.D. in 1894 from the University of Halle, Germany.
He teached at Cornell for a while, the accepted a position as a professor at Indiana University. In 1898 he left for Stanford University, where he resigned after three years over a dispute regarding academic freedom. Fetter went back to Cornell, and stayed there for ten years. In 1911, he became the chairman of Princeton University's Department of Economics and Social institutions.
In 1909, he was awarded an honorary LL.D. from Colgate University. In 1913 he was became president of the American Economic Association. Other honorary doctoral degrees were given to him by Occidental College in 1930 and Indiana University in 1934. In 1927, he received the Karl Menger Medal by the Austrian Economic Society.
In 1892, he became a fellow at Cornell University, President White School of History and Political Science and he earned his Master of Philosophy degree. He then went on to study at the Sorbonne in Paris, France and he earned his Ph.D. in 1894 from the University of Halle, Germany.
He teached at Cornell for a while, the accepted a position as a professor at Indiana University. In 1898 he left for Stanford University, where he resigned after three years over a dispute regarding academic freedom. Fetter went back to Cornell, and stayed there for ten years. In 1911, he became the chairman of Princeton University's Department of Economics and Social institutions.
In 1909, he was awarded an honorary LL.D. from Colgate University. In 1913 he was became president of the American Economic Association. Other honorary doctoral degrees were given to him by Occidental College in 1930 and Indiana University in 1934. In 1927, he received the Karl Menger Medal by the Austrian Economic Society.
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February 27, 2024
The first edition of Frank A Fetter's "Economic Principles" was published in 1915. It wasn't intended to be an introductory text, as it was directed toward professional economists and advanced students, so it is not an easy read. A prospective reader should have some familiarity with economics, business and finance. Since the book was written over 100 years ago, the language is obviously somewhat dated (although not as bad as other books I have read from that period), and some of the terminology used is different today. As the title suggests, the book deals mainly with principles and concepts which are occasionally illustrated with real world examples. Fetter's "Economic Principles" is a challenging read, and if you are new to economics you would be better off with a more basic text.
Displaying 1 of 1 review