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The Pure Time-Preference Theory of Interest

From: DontPeal MyOnion

Sent: Wednesday, July 21, 2021 3:07 PM

To: Walter Block <[email protected]>

Subject: The Pure Time-Preference Theory of Interest

Dear Walter:

I have searched far and wide, for references, with your take on ‘The Pure Time-Preference Theory of Interest’.

The only reference I found was: “Professor Rothbard and the Theory of Interest.” In Man, Economy, and Liberty. Walter Block and Llewellyn H. Rockwell, Jr., eds. Auburn, Ala.: Ludwig von Mises Institute, 1988.

I’m writing this asking if there is a reference out there (that I missed) with your take on the PTPF. If there isn’t could you quickly explain your take?

Best regards,

Richard Lechko

From: Walter Block <[email protected]>

Sent: Wednesday, July 21, 2021 1:43 PM

To: DontPeal MyOnion

Subject: RE: The Pure Time-Preference Theory of Interest

Dear Richard:

What about this:

Block, Walter E., William Barnett II and Joseph Salerno. 2006. “Relationship between wealth or income and time preference is empirical, not apodictic: critique of Rothbard and Hoppe,” Review of Austrian Economics, Vol. 19, No. 2, pp. 69-80; http://dx.doi.org/10.1007/s11138-006-6094-8http://www.gmu.edu/rae/archives/VOL19_1_2006/4-Block_Barnett_Salerno.pdf

Block, Walter E. 1978. “The Negative Rate of Interest: Toward a Taxonomic Critique,” The Journal of Libertarian Studies: An Interdisciplinary Review, Vol. II, No. 2, summer, pp. 121-124; http://www.mises.org/journals/jls/2_2/2_2_4.pdf

Barnett, William II and Walter E. Block. 2006. “On exchange, monetary credit transactions, barter, time preference, interest rates, and productivity.” Etica e Politica / Ethics & Politics; Vol. VIII, No. 2, pp. 116-126; http://www.units.it/~etica/2006_2/BARNETTBLOCK.pdfhttp://www.units.it/~etica/;

Best regards,

Walter

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