Publisher's Synopsis
""A Theory of Interest"" is a seminal work in the field of economics, written by Clarence Gilbert Hoag and first published in 1914. The book explores the concept of interest and its role in the economy, offering a comprehensive analysis of the factors that determine interest rates and their impact on economic growth and development. Hoag begins by examining the historical development of interest, tracing its evolution from ancient times to the modern era. He then delves into the various theories of interest that have been put forth by economists over the years, critiquing their strengths and weaknesses and offering his own unique perspective on the subject. Throughout the book, Hoag emphasizes the importance of interest as a fundamental economic concept, arguing that it plays a crucial role in the allocation of resources and the functioning of markets. He also explores the relationship between interest rates and inflation, and the ways in which government policies can affect interest rates and economic growth. Overall, ""A Theory of Interest"" is a thought-provoking and insightful work that remains relevant to this day. It is essential reading for anyone interested in economics, finance, or the workings of the modern economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
