Principles of Economics with Applications to Practical Problems

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By Listen TheBook Posted on May 31, 2023

In Category - Business & Economics

Authors: Frank Albert Fetter In Year : 1904

Book Language: English

Audiobook: Principles of Economics with Applications to Practical Problems

Preface
Chapter 1 - The Nature and Purpose of Political Economy
Chapter 2 - Economic Motives
Chapter 3 - Wealth and Welfare
Chapter 4 - The Nature of Demand
Chapter 5 - Exchange in a Market
Chapter 6 - Psychic Income
Chapter 7 - Wealth and Its Direct Uses
Chapter 8 - The Renting Contract
Chapter 9 - The Law of Diminishing Returns
Chapter 10 - The Theory of Rent
Chapter 11 - Repair, Depreciation, and Destruction of Wealth
Chapter 12 - Increase of Rent-Bearers and of Rents
Chapter 13 - Money as a Tool in Exchange
Chapter 14 - The Money Economy and the Concept of Capital
Chapter 15 - The Capitalization of All Forms of Rent
Chapter 16 - Interest on Money Loans
Chapter 17 - The Theory of Time-Value
Chapter 18 - Relatively Fixed and Relatively Increasable Forms of Capital
Chapter 19 - Saving and Production as Affected by the Rate of Interest
Chapter 20 - Labor and Classes of Laborers
Chapter 21 - The Supply of Labor
Chapter 22 - Conditions for Efficient Labor
Chapter 23 - The Law of Wages
Chapter 24 - The Relation of Labor to Value
Chapter 25 - The Wage System and Its Results
Chapter 26 - Machinery and Labor
Chapter 27 - Trade-Unions
Chapter 28 - Production and the Combination of the Factors
Chapter 29 - Business Organization and the Enterpriser's Function
Chapter 30 - Cost of Production
Chapter 31 - The Law of Profits
Chapter 32 - Profit-Sharing, Producers' and Consumers' Cooperation
Chapter 33 - Monopoly Profits
Chapter 34 - Growth of Trusts and Combinations in the United States
Chapter 35 - Effect of Trusts on Prices
Chapter 36 - Gambling, Speculation, and Promoters' Profits
Chapter 37 - Crises and Industrial Depressions
Chapter 38 - Private Property and Inheritance
Chapter 39 - Income and Social Service
Chapter 40 - Waste and Luxury
Chapter 41 - Reaction of Consumption on Production
Chapter 42 - Distribution of the Social Income
Chapter 43 - Survey of the Theory of Value
Chapter 44 - Free Competition and State Action
Chapter 45 - Use, Coinage, and Value of Money
Chapter 46 - Token Coinage and Government Paper Money
Chapter 47 - The Standard of Deferred Payments
Chapter 48 - Banking and Credit
Chapter 49 - Taxation in its Relation to Value
Chapter 50 - The General Theory of International Trade
Chapter 51 - The Protective Tariff
Chapter 52 - Other Protective Social and Labor Legislation
Chapter 53 - Public Ownership of Industry
Chapter 54 - Railroads and Industry
Chapter 55 - The Public Nature of Railroads
Chapter 56 - Public Policy as to Control of Industry
Chapter 57 - Future Trend of Values

Frank Albert Fetter was an American economist of the Austrian school, but referred to himself as a member of the “American Psychological School” instead. Fetter contested the position that land is theoretically distinct from capital, arguing that such a distinction was impractical. His stand on this issue led him to oppose ideas like the land value tax.

Fetter also asserted that just as the price of each consumer good is determined solely by subjective value, so the rate of interest is determined solely by time preference. He maintained that time valuation was prerequisite to the determination of the market rate of interest, and he emphasized the time valuation element in all consumption and production choices. Fetter taught at Cornell University, Indiana University, and Stanford University. He was the first chairman of Princeton University's Department of Economics and Social Institutions, an interdisciplinary department that incorporated history, politics, and economics. (Summary by Wikipedia)