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The theory of interest : as determined by impatience to spend income and opportunity to invest it / by Irving Fisher
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APPENDIX

priser.” Since he usually pays interest, he comes to think ofit purely as a cost.

I have devoted considerable space to the refutation of theabstinence theory so far as it is more than verbal, and collideswith any workable theory of income, because its errors are sosubtle and insidious as to beguile many of the best and mostwary of economists.

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