Fisher's Capital And Income

Fisher's Capital and Income is a book written by Thorstein Veblen that explores the economic theories of Irving Fisher, a prominent economist in the early 20th century. The book is divided into two parts: the first part provides a comprehensive analysis of Fisher's theories on capital and income, while the second part critiques and challenges Fisher's ideas. Veblen examines Fisher's concepts of capital and income, including his distinction between real and nominal interest rates, his theory of the relationship between saving and investment, and his views on the role of money in the economy. Veblen also critiques Fisher's ideas, arguing that they are overly simplistic and fail to account for the complexities of the modern economy. Overall, Fisher's Capital and Income is a thought-provoking analysis of one of the most influential economic thinkers of the early 20th century.The concept has sufficient stability and precision to serve their needs; and, if the economist is to deal with the phenomena of modern life in which this concept serves a use of first-rate importance, he must take the term and the concept as he finds them. It is idle fatigue to endeavor to normalise them into a formula which may suit his prepossessions but which is not true to life. The mountain will not come to Mahomet.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.