The Nature and Necessity of Interest (Classic Reprint)
Author | : Gustav Cassel |
Publisher | : |
Total Pages | : 214 |
Release | : 2015-06-28 |
ISBN-10 | : 1330469593 |
ISBN-13 | : 9781330469590 |
Rating | : 4/5 (93 Downloads) |
Book excerpt: Excerpt from The Nature and Necessity of Interest There are some scientific problems such, e.g., as the "Squaring of the Circle" in mathematics, which seem to have engaged the attention of humanity since the very earliest stages of civilisation, but of which the definite solution has been reserved for the efforts of the present age. The problem of Interest belongs to this class. Indeed we find it dealt with as early as modern historical research is able to go back; and it reflects at every step of its development the attainments and the aims of contemporary life. Economic investigations of the last two or three centuries have thrown light upon almost every side of the problem; and, to construct a theory, there hardly remains more than to present, as a consistent and systematic whole, what is already known as a multitude of scattered observations. It is incumbent upon the present generation to bring about this final solution of a problem which has claimed so large a part of the efforts of previous ages. We devote considerable energy to the discovery of the North Pole or to the exploration of the deserts of Asia. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.