Professor Fetter's 'Economic Principles' is the second half of a two-volume treatise on economics. The first half 'Economic Principles' deals with the basics. The author of this volume is one of the great American economists. His contributions to economic literature have been notable, and while it would, of course, be too much to say that they have won universal acceptance, it can safely be affirmed that they have quite generally been accorded respectful and sympathetic attention. Professor Fetter occupies a place of distinction, not only as a thinker and writer in the field of economics, but also as a university teacher. Several years ago he served also as President of the American Economic Association. Few are better qualified, therefore, to prepare a general treatise on economics. This volume constitutes the second part of a work dealing with the principles of economics which in some respects may be regarded as a revision of Professor Fetter's Principles of Economics, published as a single volume. But the treatment of the principles of value and distribution in volume I of the new work differs materially, if not radically, from that in the earlier text, and, at the same time, as Professor Fetter himself remarks, the years since have been so replete with interesting happenings in the field of practical problems that volume II represents more than a mere revision of the corresponding chapters in the earlier book. Hence, the present volumes taken together must be regarded as an essentially new contribution. Considering the variety of economic problems that Professor Fetter discusses, it seems extraordinary that he has been able to compress his treatment within the limits of a comparatively small book. His success in this direction, however, has been due to his method of treatment. While essential facts have not been neglected, he has not at tempted to give an encyclopedic description of all the elements involved in the several problems, but he has confined himself rather to a setting forth of the points of principle involved in them, suggesting in this connection, the solutions which sound analysis and a healthy for as a writer, it will appear superfluous to speak of style. But for those who may not know, let it be said that Professor Fetter writes with a nicety and clearness of expression and with a delicacy of touch and of humor that stamp him as a writer of the first class.

Who is John Bates Clark John Bates Clark was a neoclassical economist who came from the United States. A prominent figure in the marginalist revolution and an opponent of the Institutionalist school of economics, he spent the majority of his career as a professor at Columbia University. He was also a pioneer in the marginalist revolution. How you will benefit (I) Insights about the following: Chapter 1: John Bates Clark Chapter 2: Economics Chapter 3: Neoclassical economics Chapter 4: Piero Sraffa Chapter 5: Price Chapter 6: Marginalism Chapter 7: Classical economics Chapter 8: Maurice Dobb Chapter 9: John Maurice Clark Chapter 10: Herbert J. Davenport Chapter 11: Frank Fetter Chapter 12: History of economic thought Chapter 13: Schools of economic thought Chapter 14: Distribution (economics) Chapter 15: Principles of Economics (Marshall book) Chapter 16: Neoclassical synthesis Chapter 17: Luigi Pasinetti Chapter 18: Marginal utility Chapter 19: The Theory of Wages Chapter 20: Cambridge capital controversy Chapter 21: Marxian economics Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information about John Bates Clark.

What is Praxeology In the field of philosophy, praxeology, sometimes known as praxiology, is a theory of human activity that is founded on the idea that humans engage in purposeful behavior, in contrast to reflexive behavior and other forms of behavior that are not intentional. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Praxeology Chapter 2: Austrian school of economics Chapter 3: Murray Rothbard Chapter 4: Action theory (philosophy) Chapter 5: Ludwig Lachmann Chapter 6: Methodological individualism Chapter 7: Hans-Hermann Hoppe Chapter 8: Mises Institute Chapter 9: Human Action Chapter 10: Richard Cantillon Chapter 11: Carl Menger Chapter 12: Philosophy and economics Chapter 13: Ludwig von Mises Chapter 14: Frank Fetter Chapter 15: David Gordon (philosopher) Chapter 16: Austrian Economics Newsletter Chapter 17: Thymology Chapter 18: Theory and History Chapter 19: Methodological dualism Chapter 20: Jörg Guido Hülsmann Chapter 21: Instituto Mises Brasil (II) Answering the public top questions about praxeology. (III) Real world examples for the usage of praxeology in many fields. Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of praxeology.

What is Economics Austrian School It is a heterodox school of economic theory that supports rigorous adherence to methodological individualism, which is the belief that social phenomena are essentially the product of the motivations and actions of individuals and their own self-interest. The Austrian School is a school of economic thought that originated in Austria. Individuals who subscribe to the Austrian school of economics believe that economic theory ought to be drawn only from fundamental principles of human behavior. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Austrian school of economics Chapter 2: Carl Menger Chapter 3: Murray Rothbard Chapter 4: Eugen von Bhm-Bawerk Chapter 5: Methodenstreit Chapter 6: Friedrich von Wieser Chapter 7: Israel Kirzner Chapter 8: Ludwig Lachmann Chapter 9: Mises Institute Chapter 10: Richard Cantillon Chapter 11: Knut Wicksell Chapter 12: Fritz Machlup Chapter 13: Austrian business cycle theory Chapter 14: The Theory of Money and Credit Chapter 15: Ludwig von Mises Chapter 16: Joseph T. Salerno Chapter 17: Center for Libertarian Studies Chapter 18: Frank Fetter Chapter 19: Social psychology Chapter 20: Richard Ritter von Strigl Chapter 21: Jrg Guido Hlsmann (II) Answering the public top questions about economics austrian school. (III) Real world examples for the usage of economics austrian school in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of economics austrian school. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of economics austrian school.

Who is Carl Menger Carl Menger von Wolfensgrün was an Austrian economist who is credited with establishing the discipline of economics known as the Austrian School. Marginalism and marginal utility are two theories that were developed by Menger. both theories challenged the cost-of-production theory of value, which was developed by classical economists like Adam Smith and David Ricardo. Menger was a contributor to the creation of both theories. Following this, he would go on to call his resultant perspective the subjective theory of value. This was a change from the previous perspective. How you will benefit (I) Insights about the following: Chapter 1: Carl Menger Chapter 2: Austrian school of economics Chapter 3: Eugen von Böhm-Bawerk Chapter 4: Principles of Economics (Menger book) Chapter 5: Methodenstreit Chapter 6: Friedrich von Wieser Chapter 7: Ludwig Lachmann Chapter 8: Marginalism Chapter 9: Gustav von Schmoller Chapter 10: Subjective theory of value Chapter 11: Knut Wicksell Chapter 12: Jesús Huerta de Soto Chapter 13: The Theory of Money and Credit Chapter 14: Ludwig von Mises Chapter 15: Frank Fetter Chapter 16: History of economic thought Chapter 17: Metallism Chapter 18: Principles of Economics Chapter 19: Marginal utility Chapter 20: David Gordon (philosopher) Chapter 21: Perspectives on capitalism by school of thought Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information about Carl Menger.

What is Time Preference It is the current relative valuation that is placed on receiving a good or some cash at an earlier date in comparison to receiving it at a later period. This is what is known as time preference in the field of economics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Time preference Chapter 2: Discounting Chapter 3: Big Mac Index Chapter 4: Interest Chapter 5: Interest rate Chapter 6: Intertemporal choice Chapter 7: Neuroeconomics Chapter 8: Consumption (economics) Chapter 9: Man, Economy, and State Chapter 10: Hyperbolic discounting Chapter 11: Intertemporal consumption Chapter 12: Dynamic inconsistency Chapter 13: Monetary-disequilibrium theory Chapter 14: Discounted utility Chapter 15: Social discount rate Chapter 16: Frank Fetter Chapter 17: Arbitrage Chapter 18: Derivative (finance) Chapter 19: Intertemporal budget constraint Chapter 20: Big push model Chapter 21: Reflections on the Formation and Distribution of Wealth (II) Answering the public top questions about time preference. (III) Real world examples for the usage of time preference in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Time Preference.