Anzeige
Erschienen in:
2011 | OriginalPaper | Buchkapitel
The Theory
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
No great mind had earlier placed the rate of interest in the context presented by Irving Fisher. He had taken a notion developed in 1834 — that capital accumulation and the interest rate interact to optimize human wellbeing at each moment of time — and tied together capital and interest with the concepts of mortality, wealth, foresight, family regard, and self-control. More than two decades after the publication of The Rate of Interest in 1908, Fisher revisited and rewrote the treatise in 1930. Retitled The Theory of Interest and redefining self-control as impatience, he redrew intertemporal choice in a way that has been applied in finance ever since.