Theory of fructification
id:
theory-of-fructification-303-3062985
title:
Theory of fructification
text:
In economics, the theory of fructification is a theory of the interest rate which was proposed by French economist and finance minister Anne Robert Jacques Turgot. The term theory of fructification is due to Eugen von Böhm-Bawerk who considered Turgot as the first economist who tried to develop a scientific explanation of the interest rate. According to Turgot, a capitalist can either lend his money, or employ it in the purchase of a plot of land. Because fruitful land yields an annual rent fore
brand slug:
wiki
category slug:
encyclopedia
description:
Theory of the interest rate in economics
original url:
https://en.wikipedia.org/wiki/Theory_of_fructification
date created:
date modified:
2023-01-06T02:43:13Z
main entity:
{"identifier":"Q25099466","url":"https://www.wikidata.org/entity/Q25099466"}
image:
fields total:
13
integrity:
14