The Rate of Interest¶
Fisher, I. (1907). The Rate of Interest: Its Nature, Determination and Relation to Economic Phenomena.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Discounting (Present Value)
- The technique's modern form was articulated by Irving Fisher's The Rate of Interest (1907)
This sourceMakes the interest rate depend on productivity, time preference, risk and uncertainty; supports the claim that discounting's modern form was articulated in Fisher's theory of interest-rate determination through time preference and marginal productivity of capital.
Supported in partVerified against the work's full text
Fisher's 1907 book lays out valuing capital and securities by discounting expected income at a rate of interest, but credits his earlier 1906 book for that demonstration.
“all articles of wealth, as was shown in The Nature of Capital and Income, are valued by discounting expected income ; and all discounting of income can be calculated only by means of a "rate of interest."”
- The technique's modern form was articulated by Irving Fisher's The Rate of Interest (1907)
- Time Value of Money
- systematic positive theory of interest, articulating the "three grounds" for why future consumption is discounted relative to present consumption (lower estimation of future wants; underestimation of future means; technical superiority of present goods in production); Fisher's (1907)
Supported in partVerified against the work's full text
Fisher summarizes Bohm-Bawerk's three circumstances for preferring present goods: perspective underestimate, scarcity of present provision, technical superiority.
“This preference is due, according to Bohm- Bawerk, to three circumstances: (1) the "perspective”
- systematic positive theory of interest, articulating the "three grounds" for why future consumption is discounted relative to present consumption (lower estimation of future wants; underestimation of future means; technical superiority of present goods in production); Fisher's (1907)
Verification¶
Does it exist? Not checked yet. This entry carries no identifier to resolve. It was extracted from the citation as written in the article, normalized, and deduplicated against the rest of the registry.
Does it back the claim? Read against the text for 2 of 2 citations: 2 supported in part. Each verdict is shown under its citation below, with what in the work backs the sentence.
Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.
See how references were verified.
Links previously used in the corpus¶
Before the registry existed this work was also linked 1 other way.
Registry ID ref:147620057540 · see in the full table