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The Fisherian Time Preference and the Ebolution of Capital Ownership Patterns in a Global Economy

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NBER1989-09-01 更新2025-01-04 收录
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Conventionally economic growth theory was based on the assumption of a constant rate of time preference. Uzawa (1968) and Obstfeld (~, 1981) introduced the rate of time preference that increases with the utility level. Irving Fisher (The Theory of Interest) has a different opinion, however, that

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1989-09-01
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