By Frank A. FetterEconomic Principles,
Volume 1: 8.5 x 11 inches, 534 pages. Large Print.
Purchase at CreateSpace or Amazon for Free electronic version found at Mises.org.
Modern Economic Problems,
Volume 2: 8.5 x 11 inches, 622 pages. Large Print.
Purchase at CreateSpace or Amazon for
Free electronic version found at Mises.org.
Volume 1
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.
Volume 2
This volume makes practical application of the theories treated in Volume 1, "Economic Principles" to such matters as money, banking, international trade, labor organizations, agricultural economics, trusts, taxation, insurance, immigration, and similar topics. This volume was completely revised in 1922; hence it considers economic matters in light of the changed conditions following the First World War.
