Book Cover of The Principles of Economics with Applications to Practical Problems

The Principles of Economics with Applications to Practical Problems

by Frank Albert Fetter

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.

Book Details

Language

English

Original Language

English

Published In

1904

Authors

Frank Albert Fetter image

Frank Albert Fetter

United States

Frank Albert Fetter, American economist who was one of the pioneers of modern academic economics in the United States.    After an interruption of university studies because o...

Books by Frank Albert Fetter

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