An important point from his bio, A Forgotten Giant
by Jeffrey Herbener:
"Fetter began with the "simple" and "almost self-evident" proposition that "the motive force in economics is found in the feelings of men." It is man's wants that urge him to action, first in primitive pursuits, but eventually "wants develop and transform the world" by propelling man to accumulate wealth, and upon wealth, to build civilization. Moreover, wants are not limited to the narrow "self-interest" of man or of merely "material" attainments, but span the full range of man's "social and spiritual" desires."
Wednesday, October 01, 2003
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