The Nature And Necessity Of Interest (1903)

The Nature and Necessity of Interest is a book written by Gustav Cassel in 1903. The book explores the concept of interest and its role in economics. Cassel argues that interest is a necessary component of a functioning economy, as it provides an incentive for individuals to save and invest their money. He also discusses the various factors that influence interest rates, including supply and demand, inflation, and government policies. The book is considered a seminal work in the field of economics and has been influential in shaping modern economic theory.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.