Frank Fetter Popular Books
Frank Fetter Biography & Facts
Frank Albert Fetter (; March 8, 1863 – March 21, 1949) was an American economist of the Austrian School. Fetter's treatise, The Principles of Economics, contributed to an increased American interest in the Austrian School, including the theories of Eugen von Böhm-Bawerk, Friedrich von Wieser, and Ludwig von Mises. Fetter notably debated Alfred Marshall, presenting a theoretical reassessment of land as capital. Fetter's arguments have been credited with prompting mainstream economists to abandon the Georgist idea "that land is a unique factor of production and hence that there is any special need for a special theory of ground rent...." A proponent of the subjective theory of value, Fetter emphasized the importance of time preference and rebuffed Irving Fisher for abandoning the pure time preference theory of interest that Fisher had earlier espoused in his 1907 book, The Rate of Interest. Early life and education Frank Fetter was born in Peru, Indiana to a Quaker family during the height of the American Civil War. Fetter proved an able student as a youth, as demonstrated by his acceptance to Indiana University in 1879 when he was only sixteen years old. At Indiana, he joined the Phi Kappa Psi Fraternity. Fetter was on track to graduate with the class of 1883, but left college to run his family's bookstore upon news of his father's declining health. Working in the bookstore offered an opportunity for the young man to acquaint himself with some of the economic ideas that would later prove formative. Chief among the intellectual influences Fetter encountered at this time was Henry George's Progress and Poverty (1879). After eight years, Fetter returned to academia and finally completed his B.A. in 1891. In 1892, Jeremiah W. Jenks—who had taught Fetter at Indiana University—acquired a teaching position at Cornell University at the new President White School of History and Political Science and subsequently secured a fellowship for Fetter at that institution. Fetter completed his Master of Philosophy degree the same year. Jenks then convinced Fetter to study, as Jenks himself had, under Johannes Conrad at the Sorbonne in Paris, France. Fetter earned his Ph.D. in 1894 from the University of Halle in Germany, where he wrote his doctoral dissertation, a critique of Malthusian population theory. Professional life After earning his doctoral degree, Fetter accepted an instructorship at Cornell, but quickly left after being offered a position as a professor at Indiana University. In 1898, Stanford University lured him away from Indiana, but Fetter resigned from Stanford three years later over a dispute regarding academic freedom. After leaving Stanford in 1901, Fetter went back to Cornell, where he remained for ten years. In 1911, he again found himself in professional transition, accepting the position of chairman in an interdisciplinary department at Princeton University which incorporated history, politics, and economics. Fetter was the first chairman of Princeton University's Department of Economics and Social institutions. Despite his ideological proximity and personal rapport with eminent Austrian School economists such as Eugen von Böhm-Bawerk and Friedrich von Wieser, as well as his favorable reviews of works by Ludwig von Mises and F.A. Hayek, Fetter referred to himself, Thorstein Veblen, and Herbert J. Davenport more specifically as being members of the "American Psychological School." The appellation "Psychological School" is now generally considered to be synonymous with "Austrian School." Fetter was a staunch opponent of Franklin D. Roosevelt's plan to end the gold standard and worked with other economists in lobbying against the move to a fiat currency. As some indication of Fetter's role in these efforts, In January 1933, a letter was sent to the president-elect, urging him not only to lower tariff barriers to revive international trade, but to maintain the gold standard "unflinchingly." The letter was signed by a number of prominent "traditional" economists, headed by the American "Austrian," Frank A. Fetter, of Princeton. Theoretical contributions in economics Land as capital Fetter participated in a notable debate with English economist Alfred Marshall, both through his 1904 Principles of Economics and a number of journal articles in the American Economic Association's journals and in the Quarterly Journal of Economics. He contested Marshall's position that land is theoretically distinct from capital. Fetter argued that such a distinction was impractical, stating that, The notion that it is a simple matter to distinguish between the yield of natural agents and that of improvements is fanciful and confusing.... The objective classification of land and capital as natural and artificial agents is a task that always must transcend the human power of discrimination. Fetter's stand on this issue further led him to oppose Georgist ideas like the land value tax. Mark Blaug, a specialist in the history of economic thought, credits Fetter and John Bates Clark with influencing mainstream economists to abandon the idea "that land is a unique factor of production and hence that there is any special need for a special theory of ground rent.... This is in fact the basis of all the attacks on Henry George by contemporary economists and certainly the fundamental reason why professional economists increasingly ignored him." Applications of subjective value theory Fetter believed in the subjective theory of value, and thus supported a pure time preference theory of interest. Richard Ebeling wrote that Fetter "constructed a consistent theory of value, price, cost, and production in the context of emphasizing the time-valuational element in all consumption and production choices." According to Jeffrey Herbener, Fetter asserted that "just as the price of each consumer good is determined solely by subjective value, the rate of interest is determined solely by time preference." Likewise, Herbener explains, this led Fetter to also conclude that "[t]he rental price of each producer good is imputed to it by entrepreneurial demand and is equal to its discounted marginal value product. The capital value of each durable good is equal to the discounted value of its future rents." Fetter's contribution to the Austrian subjectivist tradition, then, is that he "showed how this uniform, subjective theory of value implies the demise of socialist theories of labor exploitation, Ricardian theories of rent, and productivity theories of interest." Criticism of Fisher's theory of interest In "Interest Theories, Old and New" (1914), Fetter criticized Irving Fisher for abandoning the pure time preference theory of interest that Fisher had earlier espoused in his 1907 book, The Rate of Interest, a tome which had heavily influenced Fetter. As Murray Rothbard recounts, upon further review of Fisher's earlier work, ...Fetter discovered that the seeds of error were in Fisher's publication of 1.... Discover the Frank Fetter popular books. Find the top 100 most popular Frank Fetter books.
Best Seller Frank Fetter Books of 2024
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The Power of Unlimited Faith
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Her Texas Ex
Katherine GarberaShe couldn't forget him, even if she tried... When Amelia Corbyn was a vulnerable teen, she found out she wasn’t a Corbyn by blood. Her biological father was a legendary count...
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Pride and Prejudice
Jane AustenAn Apple Books Classic edition. Jane Austen’s beloved classic opens with this witty and very memorable line: “It is a truth universally acknowledged, that a single man in possessio...
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Close to the Ridge
Lexy TimmsClimb the mountain so you can see the world, not so the world can see you. In the end, all I learned was how to be strong. Alone. Lincoln is a former Navy Seal, hiding away in the ...
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Game Changer
Piper LawsonA steamy, grumpy sunshine sports romance featuring a woman down on her luck, a star basketball player with a filthy mouth, and a connection neither of them can deny. After being du...
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Tongue Twisters for Kids
Riley Weber"Rubber baby buggy bumpers" Say this three times as fast as you can.  How about, try saying " Loopy lizards lying lazily aloft a little lane of logs,"...
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Doubly Claimed
C.D. GorriWill this curvy redhead find her match with two smexy shifters? Needing a break from her nightmare boss, Ginger is more than ready for the Freeman sisters' annual vacation. Sh...
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Last Resort
Jill SandersWhen Cassey's business is in jeopardy, she gets an interesting offer from a local hotel owner. He has been trying to run her business into the ground so his family can snat...
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The Scarlet Letter
Nathaniel HawthorneAn Apple Books Classic edition. Hester Prynne lives in infamy. After committing adultery and bearing a child with a man whose name she refuses to divulge, the heroine of Nathaniel ...
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The Wedding Bet
Susan HatlerA fun and uplifting story that will make you swoon and smile as two best friends fall in love. Kennedy needs to slow down, which is why her last boyfriend broke up with her. No mat...
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Wuthering Heights
Emily BrontëAn Apple Books Classic edition. If you’ve only ever seen Wuthering Heights on screen, you may have an image of Catherine and Heathcliff as the ultimate starcrossed lovers. But that...
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Against the Boards
Cynthia GundersonPeople say opposites attract, but now I have proof. There's zero rationale for why I would fall for Tyler Bowen. I mean, he's the star winger of my brother's hockey ...
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If I Break
Portia Moore~THIS BOOK IS BEST ENJOYED WHEN YOU DON'T READ ANY REVIEWS OR SPOILERS BEFORE READING. GOING IN BLIND IS HIGHLY RECOMMENDED. I PROMISE!~ Cal effin' Scott. Hell in a Arman...
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Anna Karenina
Leo TolstoyAn Apple Books Classic edition. “Happy families are all alike; every unhappy family is unhappy in its own way.” Thus begins what many consider the world’s greatest novel. Leo Tolst...
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Wormwood Abbey
Christina BaehrAs a Victorian clergyman's daughter, Edith Worms has seen everything until a mythical salamander tumbles out of the fireplace into her lap. When a letter arrives from estrang...
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The Odyssey
HomerAn Apple Books Classic edition. Homer’s eighthcentury epic poem is a companion to The Iliad . It tells the story of Odysseus, who journeys by ship for 10 years after the Trojan War...
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Make Me Forget
Anna BrooksOne lie can destroy everything... After enduring years of manipulation and an immeasurable amount of loss, Charlotte Kelly makes one last ditch effort to change her life and try to...
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Become A Better Version of Yourself
Ben LeightonThis ebook contains golden nuggets on how to motivate, inspire and improve your current situation. It encompasses the holistic view of self improvement from mental& emotion...
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Enemies With Benefits
Roxie NoirI don’t love him. I don’t even like him. I just want him. Eli Loveless was my nemesis from the first day of kindergarten until we graduated high school. Everything I did, he had to...
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Scorned Queen
Lisa Renee JonesThe protégé king wants the king unseated but it will be war, and a bloody one. And you can only push a future queen so far before she says enough, and proves she's as worthy f...
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Behind Closed Doors
Sherri HayesFalling For His New Neighbor Was Never Part of the Plan  Chris Daniels is single, and he prefers to keep it that way. Women are trouble. One look at his new neighbor has a...
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Destined Magic
Ruby RaineI'm twentyeight, still single, no career, just inherited a mansion filled with magical secrets, three cats, plus a demon hellbent on killing kill me because supposedly, I'...
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You Are Kind
Michael GordonA little kindness goes a long way. How can you help encourage your kids to be kind from a young age? Teach kindness to preschoolers Acts of kindness can be fun, easy, and make a ...
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Heartbreaker
Melody GraceDiscover the steamy smalltown romance now a USA Today bestseller! Perfect for fans of Elsie Silver and Lucy Score. They say that time heals a broken heart, but you try moving on w...
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A Tempest of Discovery
Sarah M. Cradit“Absolutely riveting!” "Cradit's delivery of mystery and intrigue is flawless." "Be still my heart. Nicolas Deschanel is back and better than ever." “A mus...
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Just One Time
Samantha BacaThere are worse things than turning forty.    However, I can't seem to evade my worry of my biological clock, and my fear that time is running out. I've...
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Secrets of the Cottage by the Sea
Rebecca Alexander‘Heartwrenching… a delightful page turner’ ⭐⭐⭐⭐⭐ ‘I loved this’ ⭐⭐⭐⭐⭐ ‘Absolutely spectacular’ ⭐⭐⭐⭐⭐ ‘Heartbreaking… stunning’ ⭐⭐⭐⭐⭐   As Ellie stood on the boat, watching...
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Spark of Passion
Lexy TimmsI wish my head could forget what my eyes have seen… Two years after running a black ops mission in Syria, Dane Morrison is struggling with PTSD while serving his Aspen community as...
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Imperfect Chemistry
Mary FrameShe's never understood the point of romance, but now he's going to show her. Lucy London puts the word genius to shame. Having obtained her PhD in microbiology by the age...
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Dracula
Bram StokerAn Apple Books Classic edition. Few characters have seized readers’ imaginations quite like Count Dracula of Transylvania, the hero of Bram Stoker’s classic. The 1897 novel put vam...
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When the Night is Over
Lily FosterAre the bonds of our first true love as strong as they feel when we’re young, innocent and consumed with the promise of forever? The last time Charlotte Mason saw Simon Wade, he wa...
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Opal
Freya BarkerWhen Opal goes undercover in a youth center several teenagers have disappeared from, she’s shocked to find a ghost of her own traumatic past at the helm. However, her worry for the...
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Frankenstein
Mary ShelleyAn Apple Books Classic edition. Mary Shelley was just 18 when she had a nightmare vision: “I saw the pale student of unhallowed arts kneeling beside the thing he had put together. ...
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The Hookup Equation
Roxie NoirTeach me everything. My whole life, I’ve been a good girl. I follow rules like nobody’s business. I obey guidelines like I was born to it. Show me a line, and I’ll toe it. I’m even...
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Beautiful Darkness
Autumn GazeYou can have anything you want in life... You just can't have everything you want... Gareth is Fae. Sort of. His mother was a Nymph, and with that cross, he finds himself to b...
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Silenced Girls
Roger Stelljes“ Wow wow wow! Grips you in a choke hold and does not let go … Oozes suspense and bonechilling twists and turns . Astonishing … One of those rare books you stay up all night to rea...
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10-Minute Social Psychology
Albert RutherfordWould you like to instantly catch people's thoughts, emotions, motivations, and intentions through mere observation? If yes, you've come to the...
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Silver Hunter
Lacey SilksThey call her a cougar, but he calls her, his Queen. Grace Brooks, Manhattan's most soughtafter hair stylist, never expected Hunter, the young handyman with a knack for fixing...
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The Great Gatsby
F. Scott FitzgeraldAn Apple Books Classics edition. The Roaring Twenties are in full effect in F. Scott Fitzgerald’s riveting classic. Manabouttown Jay Gatsby seems to have it all, including loads of...
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Moby Dick
Herman MelvilleAn Apple Books Classic edition. Herman Melville’s classic begins with one of the most famous opening lines in world literature: “Call me Ishmael.” Moby Dick was a commercial failur...
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Little Women
Louisa May AlcottAn Apple Books Classic edition. Meet the Marches! Louisa May Alcott’s classic introduces us to four unforgettable sisters: beautiful Meg, tomboyish Jo, delicate Beth, and Amy, the ...
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The Art of War
Sun TzuAn Apple Books Classic edition. It’s believed that Sun Tzu wrote this Chinese military primer during the 5th century BChundreds of years before the Bible. The book’s 13 chapters ex...
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A Light in the Window
Marion KummerowMargarete stumbles out of the bombedout house, the dust settling around her like snow. Mistaking her for the dead officer’s daughter, a guard rushes over to gently ask her if she i...
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The Duke Who Knew Too Much
Grace CallawayA #1 National Bestselling Regency Romance He's a rake accused of murder. She's the spinster accusing him. Enemies make the hottest lovers. "Readers looking for a goo...
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Collided
Portia MooreAlex I want Madison the moment I lay eyes on her. But I’ve got my work cut out for me because someone before me broke her heart and destroyed her trust. She's my friend, that&...
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The Secret Diary of an Arranged Marriage
Halima KhatunWinner of the 2021 Bookbrunch Selfie Award for Best Adult I know I'll land a husband… but will he be the one? The Secret Diary of an Arranged Marriage – A Hilarious Romcom Tha...
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The Three Little Pigs
Mark LeskyClassic fairy tales, legends and folk stories in short version without violence retold with lovely illustrations in simple language. Perfect for reading aloud to small chi...
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Ice Crown
Kay L MoodyThe competition could save her life... But only if she wins. Talise can manipulate the elements with ease. Water, air, earth, and fire all bend to her will. As a citizen of the Sto...
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Love Notes
Lexy TimmsWe're not here to take part, we're here to take over… I stood in the elevator, all my things in a cardboard box. Surrounding me, nearly every other employee clutched thei...
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The Cottage on Nantucket
Jessie NewtonAfter their mother dies, two sisters return to the cottage where they spent their summers growing up. Nantucket Point is exactly the same: charming, warm, and filled with memories ...