The Principles of Economics, with Applications to Practical Problems

Name: The Principles of Economics, with Applications to Practical Problems
Author: Frank A. Fetter

By Frank A. Fetter

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Economics

About This Book

The text presents a systematic introduction to political economy, defining its purpose and situating it among the social sciences. It analyzes human wants and motives, distinguishing material desires from secondary moral and social influences, and derives demand and market exchange from subjective comparisons. Subsequent sections treat wealth, rent, and production, explaining rent contracts, diminishing returns, depreciation, and efforts to increase productive agents. The closing divisions examine money, the rise of a monetary economy, concepts of capital and capitalization of future returns, and the nature of interest and time-value in evaluating assets.

About the Author

Frank A. Fetter

Frank A. Fetter was an American economist known for his contributions to economic theory and education in the early 20th century. He authored several influential works, including "The Principles of Economics, with Applications to Practical Problems," which aimed to bridge theoretical concepts with real-world applications. Fetter's writings often emphasized the importance of understanding economic principles in practical contexts, making his work valuable for both students and practitioners of economics. His later works, such as "Economics Volume II: Modern Economic Problems," further explored contemporary economic issues, reflecting his commitment to addressing the complexities of modern economic thought.