Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.
Frank 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.