Irving Fisher's Impatience Theory of Interest - Financial Theory Lecture

This lecture develops Irving Fisher’s impatience theory of interest using general equilibrium, no-arbitrage principles, and asset pricing. It examines how patience, productivity, expected windfalls, and wealth redistribution affect interest rates and economic allocations.

Syllabus

- Chapter 1. From Financial to General Equilbrium
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- Chapter 2. Applying the Principle of No Arbitrage
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- Chapter 3. The Fundamental Theorem of Asset Pricing
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- Chapter 4. Effects of Technology in Fisher Economy
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- Chapter 5. The Impatience Theory of Interest
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- Chapter 6. Conclusion
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