Principles of Economics with Applications to Practical Problems
Author: first_name:  Frank Albert
last_name: Fetter
Language: English
Year: 1904

Frank Albert Fetter was an American economist of the Austrian school, but referred to himself as a member of the “American Psychological School” instead. Fetter contested the position that land is theoretically distinct from capital, arguing that such a distinction was impractical. His stand on this issue led him to oppose ideas like the land value tax. <br><br>Fetter also asserted that just as the price of each consumer good is determined solely by subjective value, so the rate of interest is d