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Economic Principles
Frank A. Fetter was a leading American follower of Carl Menger and the early Austrians. He was the first economist to develop a complete statement of the pure time preference theory of interest, and he revolutionized the theory of rent which had been developed by David Ricardo and the classical economists and was still accepted by economists 100 years later.
Both Ludwig von Mises and Murray Rothbard were heavily influenced by Fetter's writings. Economic Principles is the culmination of Fetter's work and provides a complete and systematic exposition of economic theory based on the Austrian subjective-value approach. Murray Rothbard mentioned it as one of the great economics treatises written before the First World War.
Both Ludwig von Mises and Murray Rothbard were heavily influenced by Fetter's writings. Economic Principles is the culmination of Fetter's work and provides a complete and systematic exposition of economic theory based on the Austrian subjective-value approach. Murray Rothbard mentioned it as one of the great economics treatises written before the First World War.
- GenresEconomics
531 pages, ebook
First published March 19, 2010
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About the author
Frank A. Fetter
42 books5 followersFrank Albert Fetter was an American economist. He was accepted to the Indiana University in 1879 , only sixteen years of age. He was on the point of graduating in 1883 when he left the university to run the bookstore of his parents because of health problems of his father. Eight years later he returned and completed his B.A. in 1891.
In 1892, he became a fellow at Cornell University, President White School of History and Political Science and he earned his Master of Philosophy degree. He then went on to study at the Sorbonne in Paris, France and he earned his Ph.D. in 1894 from the University of Halle, Germany.
He teached at Cornell for a while, the accepted a position as a professor at Indiana University. In 1898 he left for Stanford University, where he resigned after three years over a dispute regarding academic freedom. Fetter went back to Cornell, and stayed there for ten years. In 1911, he became the chairman of Princeton University's Department of Economics and Social institutions.
In 1909, he was awarded an honorary LL.D. from Colgate University. In 1913 he was became president of the American Economic Association. Other honorary doctoral degrees were given to him by Occidental College in 1930 and Indiana University in 1934. In 1927, he received the Karl Menger Medal by the Austrian Economic Society.
In 1892, he became a fellow at Cornell University, President White School of History and Political Science and he earned his Master of Philosophy degree. He then went on to study at the Sorbonne in Paris, France and he earned his Ph.D. in 1894 from the University of Halle, Germany.
He teached at Cornell for a while, the accepted a position as a professor at Indiana University. In 1898 he left for Stanford University, where he resigned after three years over a dispute regarding academic freedom. Fetter went back to Cornell, and stayed there for ten years. In 1911, he became the chairman of Princeton University's Department of Economics and Social institutions.
In 1909, he was awarded an honorary LL.D. from Colgate University. In 1913 he was became president of the American Economic Association. Other honorary doctoral degrees were given to him by Occidental College in 1930 and Indiana University in 1934. In 1927, he received the Karl Menger Medal by the Austrian Economic Society.
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