The Theory of Interest

Fisher, I. (1930). The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest It.

Type

Journal article

Intellectual base

Primary research

Year

1930

Link

https://oll.libertyfund.org/titles/fisher-the-theory-of-interest

Cited from

economics_finance

Cited by

4 citations across 4 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Discounting (Present Value)
  • and The Theory of Interest (1930)

    This sourceArticulates time preference as personal discount rate; interest is the equilibrium of impatience (time preference) and investment-opportunity productivity; supports both the present-value-formalization claim and the Fisher-diagram intertemporal production-consumption frontier in the Formal Example.

• Time Preference (Discounting Future)
  • The concept's modern formalization runs through Irving Fisher's The Theory of Interest (1930) —

    This sourceArticulates time preference as personal discount rate; establishes connection to equilibrium interest rates and marginal productivity of capital.

• Time Value of Money
  • formalizations of interest-rate determination as the equilibrium of time preference and marginal productivity of capital, and Fisher's (1930)

    This sourceArticulates time preference as personal discount rate; establishes connection to equilibrium interest rates and marginal productivity of capital.

Mechanisms

• Real/Nominal Adjustment Worksheet
  • Pair rates to flows. The worksheet enforces the matching rule: real flows with a real rate, nominal flows with a nominal rate, using the Fisher relation to convert between them when needed.

    This sourceThe Fisher relation converts between nominal and real interest rates by accounting for changes in purchasing power.

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? Not recorded. Neither this nor any other of the 4 citations of this work carries a recorded support check.

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Links previously used in the corpus

Before the registry existed this work was also linked 1 other way.

• https://fraser.stlouisfed.org/files/docs/publications/books/theoryofinterest_fisher.pdf ×1

Registry ID ref:c9113a6cdd80 · see in the full table