The Pure Time-Preference Theory of Interest (Large Print Edition)

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It's about time. Really! An entire book fleshing out the pure time-preference theory of interest has finally been assembled. The present crop of Keynesians play with interest rates believing they can create prosperity without a sound theoretical basis for how the market determines rates. It is the Austrian insight that present goods have a higher value than future goods, while the followers of Lord Keynes foolishly try to abolish human action.Giants of the Austrian world have been assembled for the task, along with a fresh new introduction by Jeffrey Herbener. Rothbard, Mises, Garrison, Kirzner and Fetter systematically provide the underpinnings of a theory that, as Israel Kirzner writes, "for almost a century a particular theory of interest has been again and again discussed, refuted, defended, ignored, forgotten, and rediscovered; somehow it has managed to survive."

Author: Jeffrey M. Herbener
Publisher: Createspace Independent Publishing Platform
Published: 01/01/2011
Pages: 188
Binding Type: Paperback
Weight: 0.99lbs
Size: 11.00h x 8.50w x 0.40d
ISBN: 9781479384563
Large Print

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