Irving Fisher
The Nature of Capital and Income by Irving Fisher (1906) is a book on our Classics shelf. Fisher's foundational book on what capital and income really are, and the source of the idea that an asset's value is the discounted value of the income it will produce. It suits readers interested in classics, and it is legally free from Internet Archive (library-digitised scan). Licence: Public domain in the USA (pre-1931 library scan).
Download free from Internet Archive (library-digitised scan)Fisher's foundational book on what capital and income really are, and the source of the idea that an asset's value is the discounted value of the income it will produce. He builds the concepts of wealth, property, capital accounts, income, interest and risk, linking business accounting with economic theory.
The licence listed for this title is: Public domain in the USA (pre-1931 library scan). It is published free of charge by Internet Archive (library-digitised scan), and TopFreeBooks links only to that official source; we do not host the file.
One legally free book on money, investing or business, sent to your inbox.
Charles Mackay's 1841 study of mass manias, including the Dutch tulip craze, the Mississippi Scheme and the South Sea Bubble. A classic warning about how crowds lose their heads over money.
Download free
Banker Henry Clews looks back on half a century on Wall Street: the panics, the speculators and famous figures like Jay Gould and Commodore Vanderbilt.
Download free
Harper's short follow-up to The Psychology of Speculation, written after the October–November 1929 crash. It reflects on what the collapse taught investors.
Download free
Walter Bagehot's 1873 explanation of how the London money market and the Bank of England work. It gave central banks the rule to lend freely during a panic.
Download free
Charles Duguid explains in plain terms how the London Stock Exchange works: its members, dealings, settlement and the language of the market.
Download free
A New York Stock Exchange member describes how the exchange works from the inside and defends its role in the economy.
Download free