Human Action, Part Four, Chapter XIX. Interest

Authors

Keywords
human action, interest

Summary
It has been shown that time preference is a category inherent in every human action. Time preference manifests itself in the phenomenon of originary interest, i.e., the discount of future goods as against present goods.

JEL:
Pages: 11
DOI: 

More titles

  • Theoretical Foundations of Logistics. 3. Terminology of Logistics

    The study is a linguistic investigation of the terms of the logistics. The most interesting and the most important terms are chosen from the above-mentioned branch and on the basis of their analysis a comparatively detailed characteristic is presented of the logistical terminology. Some basic problems treats in the first part, connected with the ...

  • Involuntary Unemployment

    Our claim is that in the purely free enterprise system, there can be no such thing as involuntary unemployment, as long as wage demands are in accord with expected productivity, as perceived by the potential employer. Seeming counter examples are shown to violate one or more of these conditions. Nevertheless, there is great resistance on the part ...

  • The Advantages of Competitive Strength Report for the Strategic Management

    The Competitive Strength Report (CSR) is a method for strategic researches and decisions concerning strategic competitive strength of the company. Its applying pursue of determination on the current condition and the perspectives towards development of the competitive strength, which makes easier the elaboration of the strategic decisions and ...