Economic Principles and Practical Applications

057 - Chapter 56 - Public Policy as to Control of Industry

27 min · 22. März 2026
Episode 057 - Chapter 56 - Public Policy as to Control of Industry Cover

Beschreibung

Frank Albert Fetter was a groundbreaking American economist closely associated with the Austrian school, though he preferred the label of the American Psychological School. He boldly challenged the traditional separation of land and capital, arguing that such distinctions were impractical and led him to oppose ideas like the land value tax. Fetter believed that just as consumer goods prices are shaped by subjective value, the interest rate is influenced by time preference. He underscored the importance of understanding time valuation in determining the market rate of interest, which plays a crucial role in both consumption and production choices. An alumnus of prestigious institutions such as Cornell, Indiana, and Stanford, Fetter also made his mark as the first chairman of Princeton Universitys Department of Economics and Social Institutions—an innovative program that integrated history, politics, and economics. (Summary by Wikipedia)

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Episode 058 - Chapter 57 - Future Trend of Values Cover

058 - Chapter 57 - Future Trend of Values

Frank Albert Fetter was a groundbreaking American economist closely associated with the Austrian school, though he preferred the label of the American Psychological School. He boldly challenged the traditional separation of land and capital, arguing that such distinctions were impractical and led him to oppose ideas like the land value tax. Fetter believed that just as consumer goods prices are shaped by subjective value, the interest rate is influenced by time preference. He underscored the importance of understanding time valuation in determining the market rate of interest, which plays a crucial role in both consumption and production choices. An alumnus of prestigious institutions such as Cornell, Indiana, and Stanford, Fetter also made his mark as the first chairman of Princeton Universitys Department of Economics and Social Institutions—an innovative program that integrated history, politics, and economics. (Summary by Wikipedia)

23. März 202621 min
Episode 057 - Chapter 56 - Public Policy as to Control of Industry Cover

057 - Chapter 56 - Public Policy as to Control of Industry

Frank Albert Fetter was a groundbreaking American economist closely associated with the Austrian school, though he preferred the label of the American Psychological School. He boldly challenged the traditional separation of land and capital, arguing that such distinctions were impractical and led him to oppose ideas like the land value tax. Fetter believed that just as consumer goods prices are shaped by subjective value, the interest rate is influenced by time preference. He underscored the importance of understanding time valuation in determining the market rate of interest, which plays a crucial role in both consumption and production choices. An alumnus of prestigious institutions such as Cornell, Indiana, and Stanford, Fetter also made his mark as the first chairman of Princeton Universitys Department of Economics and Social Institutions—an innovative program that integrated history, politics, and economics. (Summary by Wikipedia)

22. März 202627 min
Episode 056 - Chapter 55 - The Public Nature of Railroads Cover

056 - Chapter 55 - The Public Nature of Railroads

Frank Albert Fetter was a groundbreaking American economist closely associated with the Austrian school, though he preferred the label of the American Psychological School. He boldly challenged the traditional separation of land and capital, arguing that such distinctions were impractical and led him to oppose ideas like the land value tax. Fetter believed that just as consumer goods prices are shaped by subjective value, the interest rate is influenced by time preference. He underscored the importance of understanding time valuation in determining the market rate of interest, which plays a crucial role in both consumption and production choices. An alumnus of prestigious institutions such as Cornell, Indiana, and Stanford, Fetter also made his mark as the first chairman of Princeton Universitys Department of Economics and Social Institutions—an innovative program that integrated history, politics, and economics. (Summary by Wikipedia)

21. März 202626 min
Episode 055 - Chapter 54 - Railroads and Industry Cover

055 - Chapter 54 - Railroads and Industry

Frank Albert Fetter was a groundbreaking American economist closely associated with the Austrian school, though he preferred the label of the American Psychological School. He boldly challenged the traditional separation of land and capital, arguing that such distinctions were impractical and led him to oppose ideas like the land value tax. Fetter believed that just as consumer goods prices are shaped by subjective value, the interest rate is influenced by time preference. He underscored the importance of understanding time valuation in determining the market rate of interest, which plays a crucial role in both consumption and production choices. An alumnus of prestigious institutions such as Cornell, Indiana, and Stanford, Fetter also made his mark as the first chairman of Princeton Universitys Department of Economics and Social Institutions—an innovative program that integrated history, politics, and economics. (Summary by Wikipedia)

20. März 202622 min
Episode 054 - Chapter 53 - Public Ownership of Industry Cover

054 - Chapter 53 - Public Ownership of Industry

Frank Albert Fetter was a groundbreaking American economist closely associated with the Austrian school, though he preferred the label of the American Psychological School. He boldly challenged the traditional separation of land and capital, arguing that such distinctions were impractical and led him to oppose ideas like the land value tax. Fetter believed that just as consumer goods prices are shaped by subjective value, the interest rate is influenced by time preference. He underscored the importance of understanding time valuation in determining the market rate of interest, which plays a crucial role in both consumption and production choices. An alumnus of prestigious institutions such as Cornell, Indiana, and Stanford, Fetter also made his mark as the first chairman of Princeton Universitys Department of Economics and Social Institutions—an innovative program that integrated history, politics, and economics. (Summary by Wikipedia)

19. März 202627 min