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The rate of interest

by Irving Fisher

Interest in Fisher’s economic framework

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AlbakiReads Editorial

Interest in Fisher’s economic framework

First published in 1907, Irving Fisher’s *The Rate of Interest* develops the account of capital, investment and interest rates that he had begun in *The Nature of Capital and Income*. The 2009 reprint brings this work back in paperback. Its subject is the relationship between investment and the pricing of interest, situated within Fisher’s broader theory of capital and income. The book offers a historical source for readers examining how an early American neoclassical economist framed these economic concepts; it presents Fisher’s theoretical treatment rather than a guide to current financial practice.

Good fit for readers who enjoy

  • Readers studying the history of economic thought and early neoclassical economics
  • Readers interested in theories of capital, investment and interest rates
  • Students or researchers seeking Fisher’s 1907 work in a reprint edition

Themes

Interest ratesCapital and incomeInvestmentEconomic theory

Based on publisher information and book metadata.

Book overview

2009 Reprint of the 1907 edition. Paperback, 442pp. Irving Fisher (1867-1947) was an American economist, health campaigner, and eugenicist, and one of the earliest American neoclassical economists and, although he was perhaps the first celebrity economist, his reputation today is probably higher than it was in his lifetime. Several concepts are named after him, including the Fisher equation, Fisher hypothesis and Fisher separation theorem.His most enduring intellectual work has been his theory of capital, investment, and interest rates, first exposited in his The Nature of Capital and Income (1906) and elaborated on in The Rate of Interest (1907).
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