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Fisher's The Nature of Capital and Income

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  • James Tobin

Abstract

. In this essay James Tobin reminds us of the importance of Irving Fisher's great book and how that book was favorably received by economists. Fisher presented fundamental definitions and supplied a path breaking exposition of the mathematics of interest rates and their relationship to the valuation of assets. This essay was originally published as the “Editorial Introduction to Volume 2 of The Works of Irving Fisher, 14 vols London: Pickering & Chatto, 1997; 2:1–6.

Suggested Citation

  • James Tobin, 2005. "Fisher's The Nature of Capital and Income," American Journal of Economics and Sociology, Wiley Blackwell, vol. 64(1), pages 207-214, January.
    • Handle: RePEc:bla:ajecsc:v:64:y:2005:i:1:p:207-214
    DOI: 10.1111/j.1536-7150.2005.00359.x
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    Cited by:

    1. Guido Macas-Acosta & Genesis Macas-Lituma & Arnaldo Vergara-Romero, 2022. "The Internal and External Factors That Determined Private Investment in Ecuador 2007–2020," Economies, MDPI, vol. 10(10), pages 1-11, October.
    2. Brennan, Andrew John, 2013. "A critique of the perceived solid conceptual foundations of ISEW & GPI — Irving Fisher's cognisance of human-health capital in ‘net psychic income’," Ecological Economics, Elsevier, vol. 88(C), pages 159-166.
    3. Van der Slycken, Jonas & Bleys, Brent, 2020. "A Conceptual Exploration and Critical Inquiry into the Theoretical Foundation(s) of Economic Welfare Measures," Ecological Economics, Elsevier, vol. 176(C).

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