The Pure Time-Preference Theory of Interest The Pure Time-Preference Theory of Interest

The Pure Time-Preference Theory of Interest

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Publisher Description

It’s about time. Really! An entire book fleshing out the pure time-preference theory of interest has finally been drawn together. The latest crop of Keynesians are still playing with interest rates, believing they can create prosperity. They are foolishly trying to abolish human action.

Here, in clear, crisp detail are the implications of the Austrian insight that present goods have a higher value than future goods.

Giants of the Austrian world have been assembled for the task: Jeffrey Herbener provides a fresh new introduction, and Rothbard, Mises, Garrison, Kirzner, and Fetter systematically provide the underpinnings of the theory. 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.”

From Douglas French’s foreword:

“The following essays parse through the uniquely Austrian insight of the pure time-preference theory of interest, but more importantly go to the core of why modern central bank monetary engineering leaves the economy further from recovery while at the same time providing a Petri dish for speculation and malinvestment.”

GENRE
Business & Personal Finance
RELEASED
2011
January 25
LANGUAGE
EN
English
LENGTH
188
Pages
PUBLISHER
Ludwig von Mises Institute
SELLER
Ludwig von Mises Institute for Austrian Economics
SIZE
1
MB
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