About this book
Principles of Economics with Applications to Practical Problems by Frank Albert Fetter confronts entrenched assumptions about land, capital, and interest, offering a lucid early-20th-century argument in Economics/Political Economy. Fetter, aligned with marginalist and Austrian ideas but calling his approach the “American Psychological School,” insists that prices and interest springs from subjective value and time preference rather than intrinsic separations between factors of production.
Clear and polemical, the work rejects the theoretical distinction between land and capital and critiques proposals like the land value tax, while laying out a systematic theory in which time valuation shapes consumption, production, and the market rate of interest. Drawing on practical examples and rigorous reasoning, Fetter frames economic problems for policymakers and scholars alike, placing his ideas in the context of university debates at Cornell, Indiana, Stanford, and Princeton where he helped shape interdisciplinary study of economics and social institutions.
Ideal for students of economics, historians of economic thought, policy analysts, and anyone intrigued by the foundations of interest theory and land taxation debates, this audiobook offers an accessible, historically informed tour of arguments that still resonate in contemporary discussions of value, capital, and public policy.
