The Nature And Necessity Of Interest (1903)

""The Nature and Necessity of Interest"" is a book written by Gustav Cassel in 1903. The book discusses the concept of interest and its importance in economics. Cassel argues that interest is a necessary component of any economic system and that it plays a crucial role in determining the allocation of resources. He also explores the different factors that influence interest rates, including inflation, risk, and time preferences. The book is written in a clear and concise style, making it accessible to both students and professionals in the field of economics. Overall, ""The Nature and Necessity of Interest"" is an important contribution to the study of economics and remains relevant to this day.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.