Austrian Subjectivist Theory of Interest : An Investigation into the History of Thought
Book Details
Format
Paperback / Softback
ISBN-10
3631486073
ISBN-13
9783631486078
Publisher
Peter Lang GmbH
Imprint
Peter Lang GmbH
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Jan 1st, 1996
Print length
95 Pages
Weight
144 grams
Dimensions
14.90 x 29.70 x 0.60 cms
Product Classification:
Finance
Ksh 5,450.00
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The renaissance of Austrian economics since the seventies has led to a revival of a purely subjective pure time preference theory of interest. This theory has been developed particularly in the U.S. on the foundations of Boehm-Bawerk's agio theory. The present book critically investigates in historical sequence all known versions of the subjectivist theory of interest and offers a reformulation of the theory along essentialist lines. This reformulation is in marked conformity not only with the methodological tenets Austrian subjectivists since Menger and Mises have traditionally espoused. It is also in conformity with the understanding Boehm-Bawerk and Fisher had of their agio and impatience theories. This understanding formed the basis of their views on the social problems of interest.
The renaissance of Austrian economics since the seventies has led to a revival of a «purely subjective» pure time preference theory of interest. This theory has been developed particularly in the U.S. on the foundations of Böhm-Bawerk''s agio theory. The present book critically investigates in historical sequence all known versions of the subjectivist theory of interest and offers a reformulation of the theory along essentialist lines. This reformulation is in marked conformity not only with the methodological tenets Austrian subjectivists since Menger and Mises have traditionally espoused. It is also in conformity with the understanding Böhm-Bawerk and Fisher had of their agio and impatience theories. This understanding formed the basis of their views on the social problems of interest.
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