Introduction to Microeconomics

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14. Interest Rates and Course Review

  • Introduction to Micro
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Tags Austrian Economics OverviewCapital and Interest Theory

02/12/2010Murray N. Rothbard

The time market determines the pure rate of interest. Price per unit of time may be wages or rent. The interest income will be earned by the capitalist who has assumed the task of advancing present money. The capitalist then waits for five years until the product matures before recouping his money.

Part 14 of 14. Presented in 1986 at New York Polytechnic University.

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