The Rate of Interest. Its Nature, Determination and Relation to Economic Phenomena.

FISHER (Irving).

Published by Publication Date: 1907

First edition. 8vo. xxii, 442 pp. Original green cloth, spine lettered and ruled in gilt (neat ink ownership inscription of 'J.V. Jansen' dated '27/2/20' to front pastedown, contents otherwise clean and fresh; just the merest hint of trivial shelf wear to tips of spine and corners, a near fine, notably bright copy). New York, The Macmillan Company. Fisher's third and rarest book in which he first presented his theory of the determination of interest rates - with an autograph note signed by the author loosely inserted. 'Irving Fisher's The Rate of Interest (1907) is a classic work of twentieth century economics. Together with its later revised version, The Theory of Interest (1930), it articulated the neoclassical theory of interest and capital, drawing together earlier strands of argument in a presentation that provided one of the most influential diagrams in economics, the 'Fisher diagram' showing the allocation of consumption across two periods' (Dimand, Irving Fisher, p. 75). Fisher would later rework and republish the book in 1930 as The Theory of Interest. 'One motivation for the revision was that Fisher's many critics apparently did not understand the 1907 version. They typically concentrated on the 'impatience' side of Fisher's theory of intertemporal allocation and missed the 'opportunities' side. It was there in 1907 already; the theory is much the same in both versions' (New Palgrave). Seller Inventory # 254221

Bibliographic Details

Title: The Rate of Interest. Its Nature, ...
Publication Date: 1907
Binding: Hardcover
Edition: 1st Edition