利息理论－费雪（英文）

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1、Fisher_021911/02/200502:31PMTHEONLINELIBRARYOFLIBERTY©LibertyFund,Inc.2005http://oll.libertyfund.org/Home3/index.phpIRVINGFISHER,THETHEORYOFINTEREST,ASDETERMINEDBYIMPATIENCETOSPENDINCOMEANDOPPORTUNITYTOINVESTIT(1930)URLofthisE-Book:http://oll.libertyfund.org/EBooks/F

2、isher_0219.pdfURLoforiginalHTMLfile:http://oll.libertyfund.org/Home3/HTML.php?recordID=0219ABOUTTHEAUTHORIrvingFisherwasoneofAmerica’sgreatestmathematicaleconomistsandoneoftheclearesteconomicswritersofalltime.Hehadtheintellecttousemathematicsinvirtuallyallhistheories

3、andthegoodsensetointroduceitonlyafterhehadclearlyexplainedthecentralprinciplesinwords.AlthoughhedamagedhisreputationbyinsistingthroughouttheGreatDepressionthatrecoverywasimminent,contemporaryeconomicmodelsofinterestandcapitalarebasedonFisherianprinciples.Similarly,mo

4、netarismisfoundedonFisher’sprinciplesofmoneyandprices.ABOUTTHEBOOKFisherwasoneofAmerica’sgreatestmathematicaleconomists.Thisbookisstillusedatextbookandisanoutstandingexampleofclearlywritteneconomictheory.THEEDITIONUSEDTheTheoryofInterest,asdeterminedbyImpatiencetoSpe

5、ndIncomeandOpportunitytoInvestit(NewYork:Macmillan,1930).COPYRIGHTINFORMATIONThetextofthiseditionisinthepublicdomain.FAIRUSESTATEMENTThismaterialisputonlinetofurthertheeducationalgoalsofLibertyFund,Inc.UnlessotherwisestatedintheCopyrightInformationsectionabove,thisma

6、terialmaybeusedfreelyforeducationalandacademicpurposes.Itmaynotbeusedinanywayforprofit._______________________________________________________TABLEOFCONTENTSFIRSTSUMMARYPARTI.INTRODUCTIONPARTII.THETHEORYINWORDSPARTIII.THETHEORYINMATHEMATICSPARTIV.FURTHERDISCUSSIONSEC

7、ONDSUMMARYPARTI.INTRODUCTIONI.INCOMEANDCAPITALFOOTNOTESFORCHAPTERIII.MONEYINTERESTANDREALINTERESTFOOTNOTESFORCHAPTERIIIII.SOMECOMMONPITFALLSFOOTNOTESFORCHAPTERIIIPARTII.THETHEORYINWORDSIV.TIMEPREFERENCE(HUMANIMPATIENCE)FOOTNOTESFORCHAPTERIVV.FIRSTAPPROXIMATIONTOTHETH

8、EORYOFINTEREST(ASSUMINGEACHPERSON'SINCOMESTREAMFOREKNOWNANDUNCHANGEABLEEXCEPTBYLOANS)FOOTNOTESFORCHAPTERVVI.SECONDAPPROXIMATIONTOTH