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The Principles of Economics with Applications to Practical Problems

Frank Albert Fetter

Frank Albert Fetter was an American economist of the Austrian school, but referred to himself as a member of the “American Psychological School” instead. Fetter contested the position that land is theoretically distinct from capital, arguing that such a distinction was impractical. His stand on this issue led him to oppose ideas like the land value tax. Fetter also asserted that just as the price of each consumer good is determined solely by subjective value, so the rate of interest is determined solely by time preference. He maintained that time valuation was prerequisite to the determination of the market rate of interest, and he emphasized the time valuation element in all consumption and production choices. Fetter taught at Cornell University, Indiana University, and Stanford University. He was the first chairman of Princeton University's Department of Economics and Social Institutions, an interdisciplinary department that incorporated history, politics, and economics. (Summary by Wikipedia)

Frank Albert Fetter was an American economist of the Austrian school, but referred to himself as a member of the “American Psychological School” instead. Fetter contested the position that land is theoretically distinct from capital, arguing that such a distinction was impractical. His stand on this issue led him to oppose ideas like the land value tax. Fetter also asserted that just as the price of each consumer good is determined solely by subjective value, so the rate of interest is determined solely by time preference. He maintained that time valuation was prerequisite to the determination of the market rate of interest, and he emphasized the time valuation element in all consumption and production choices. Fetter taught at Cornell University, Indiana University, and Stanford University. He was the first chairman of Princeton University's Department of Economics and Social Institutions, an interdisciplinary department that incorporated history, politics, and economics. (Summary by Wikipedia)
More Information

Description:

Frank Albert Fetter was an American economist of the Austrian school, but referred to himself as a member of the “American Psychological School” instead. Fetter contested the position that land is theoretically distinct from capital, arguing that such a distinction was impractical. His stand on this issue led him to oppose ideas like the land value tax. Fetter also asserted that just as the price of each consumer good is determined solely by subjective value, so the rate of interest is determined solely by time preference. He maintained that time valuation was prerequisite to the determination of the market rate of interest, and he emphasized the time valuation element in all consumption and production choices. Fetter taught at Cornell University, Indiana University, and Stanford University. He was the first chairman of Princeton University's Department of Economics and Social Institutions, an interdisciplinary department that incorporated history, politics, and economics. (Summary by Wikipedia)

Language:

English

Narrators:

LibriVox Community

Length:

21h 34m


Chapters

Free Sample

01:00

Chapter 1
Chapter 1

07:34


Chapter 2
Chapter 2

13:55


Chapter 3
Chapter 3

13:25


Chapter 4
Chapter 4

13:55


Chapter 5
Chapter 5

22:08


Chapter 6
Chapter 6

21:57


Chapter 7
Chapter 7

19:28


Chapter 8
Chapter 8

17:14


Chapter 9
Chapter 9

19:46


Chapter 10
Chapter 10

29:40


Chapter 11
Chapter 11

14:27


Chapter 12
Chapter 12

22:33


Chapter 13
Chapter 13

20:49


Chapter 14
Chapter 14

24:15


Chapter 15
Chapter 15

24:20


Chapter 16
Chapter 16

34:50


Chapter 17
Chapter 17

25:24


Chapter 18
Chapter 18

27:41


Chapter 19
Chapter 19

15:51


Chapter 20
Chapter 20

20:39


Chapter 21
Chapter 21

28:04


Chapter 22
Chapter 22

29:31


Chapter 23
Chapter 23

21:05


Chapter 24
Chapter 24

23:26


Chapter 25
Chapter 25

26:18


Chapter 26
Chapter 26

23:49


Chapter 27
Chapter 27

18:06


Chapter 28
Chapter 28

24:39


Chapter 29
Chapter 29

16:50


Chapter 30
Chapter 30

20:41


Chapter 31
Chapter 31

18:31


Chapter 32
Chapter 32

26:07


Chapter 33
Chapter 33

23:32


Chapter 34
Chapter 34

22:14


Chapter 35
Chapter 35

27:39


Chapter 36
Chapter 36

25:09


Chapter 37
Chapter 37

29:25


Chapter 38
Chapter 38

23:35


Chapter 39
Chapter 39

27:38


Chapter 40
Chapter 40

28:44


Chapter 41
Chapter 41

21:16


Chapter 42
Chapter 42

20:42


Chapter 43
Chapter 43

21:32


Chapter 44
Chapter 44

23:48


Chapter 45
Chapter 45

19:37


Chapter 46
Chapter 46

27:41


Chapter 47
Chapter 47

19:13


Chapter 48
Chapter 48

19:12


Chapter 49
Chapter 49

17:07


Chapter 50
Chapter 50

18:04


Chapter 51
Chapter 51

21:06


Chapter 52
Chapter 52

26:05


Chapter 53
Chapter 53

19:14


Chapter 54
Chapter 54

27:24


Chapter 55
Chapter 55

22:44


Chapter 56
Chapter 56

26:05


Chapter 57
Chapter 57

27:31


Chapter 58
Chapter 58

21:01