The Austrian Subjectivist Theory of Interest

The Austrian Subjectivist Theory of Interest

Author: Ingo Pellengahr

Publisher: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften

Published: 1996

Total Pages: 0

ISBN-13: 9783631486078

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Originally presented as the author's thesis (doctoral)--Universität Frankfurt am Main, 1993. Includes bibliographical references (p. 85-95).


The Causes and Consequences of Interest Theory

The Causes and Consequences of Interest Theory

Author: Cem Eyerci

Publisher: Springer Nature

Published: 2021-07-07

Total Pages: 177

ISBN-13: 3030787028

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Interest has always been a part of humans' daily economic life, and the concept of interest has attracted intense attention from economists, philosophers, religious scholars and lawmakers. This book analyses the issue of prohibition of interest through the lens of conventional economics and then makes a comparison with the position of Islamic economists. It evaluates the theory of interest presented by Böhm-Bawerk, which is the most respected and applicable theory at present. It provides an in-depth analysis of the current literature, and it is the first book to scrutinize the interpretation of Islamic economists on the concepts of time preference and interest rate control. This book will be of interest to academics and students of economics and Islamic economics.


Risk, Uncertainty and Profit

Risk, Uncertainty and Profit

Author: Frank H. Knight

Publisher: Cosimo, Inc.

Published: 2006-11-01

Total Pages: 401

ISBN-13: 1602060053

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A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.


The World of Economics

The World of Economics

Author: John Eatwell

Publisher: Springer

Published: 1991-05-13

Total Pages: 766

ISBN-13: 1349213152

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What are the central questions of economics and how do economists tackle them? This book aims to answer these questions in 100 essays, written by economists and selected from "The New Palgrave: A Dictionary of Economics". It shows how economists deal with issues ranging from trade to taxation.


Money, Interest, and the Structure of Production

Money, Interest, and the Structure of Production

Author: Mateusz Machaj

Publisher: Lexington Books

Published: 2017-10-05

Total Pages: 215

ISBN-13: 1498557554

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Is macroeconomic equilibrium possible under capitalism? How do economic bubbles develop? How does a monetary system influence the market mechanism? Is the return on capital a beneficial feature of the economic system? How does complexity of a capitalist organization influence the market process? Can output under capitalism be easily measured and modeled? Such questions and many others relate to the central concept discussed in the book: heterogeneous structure of production, an envisioned theoretical connection between stages of the capitalist process. An inquiry into the functioning of a capital structure is necessary to understand the workings of the interest rate, savings, aggregate demand, and economic growth. Additionally it provides a theoretical framework to recognize consequences of monetary regimes and interest rate policies performed by the central banks. Capital structure concepts have their place at the center of economic theory as they can provide a broad range of insights into our understanding of the real world. Money, Interest, and the Structure of Production offers key insights in that direction.