Principles of Economics with Applications to Practical Problems

Published in the early 20th century, 'Principles of Economics with Applications to Practical Problems' by Frank Albert Fetter presents a unique perspective on economic theory from an American economist associated with the Austrian school. Fetter challenges traditional distinctions between land and capital, arguing against concepts like the land value tax. He emphasizes that the price of goods and the rate of interest are determined by subjective value and time preference, respectively. Fetter's work is notable for its interdisciplinary approach, reflecting his roles at prestigious institutions such as Cornell and Princeton.