Irving Fisher (1867-1947), economist, Yale University teacher, inventor, mathematician and activist reformer, was one of the most important American economists of the first half of the 20th century. On the 50th anniversary of his death in May of 1998, a large gathering of economists met at Yale to reassess Fisher's enormous scientific contribution. Such a reevaluation was facilitated by welcomed republication of all of Fisher's books and articles in 14 volumes the previous year. The offices of the Cowles Foundation at Yale University were made available for the presentations and the Cowles Foundation directors and administrators assisted with the preparation of this important volume. This book consists of original papers explaining Fisher's technical contributions to econometrics, a reassessment of his prescient and much neglected textbook on economics, his theories of capital and interest, his debt-deflation theory of depression, the various financial devices that he developed to improve governance and policy-making, and finally his eugenic crusades that included the prohibition of alcoholic beverages and healthy diets. Fisher's ideas were so advanced for his time that many of the contributors to these volumes delight in pointing out how the recent financial inventions in the world economy are catching up to the insights that Fisher provided decades earlier. This volume consists of the major papers from that conference including written versions of the comments that were presented at that time. The contributions include original essays by Nobel Laureate, James Tobin. Other contributions include analytic essays by distinguished economics such as, A. J. Auerbach,William J. Barber, W. C. Brainard, W. E. Diewert, Robert Dimand, Victor R. Fuchs, John Geanakoplos, M. J. Graetz, Robert E. Hall, William D. Nordhaus, Peter C. B. Phillips, John Rust, Herbert E. Scarf, M. D. Shapiro, J. B. Shoven, Robert J. Shiller, Martin Shubik, T. N. Srinivasan, John Whalley, and others. In addition, the editors have included several already published biographical essays on Fisher so that the collection will be thorough and complete. A useful scholarly index has been prepared especially for this volume.
Here in one volume are two classics of the foundations of modern finance from America's first celebrated economist, Irving Fisher, for whom the Fisher equation, the Fisher hypothesis, and the Fisher separation theorem are named. In 1892's Mathematical Investigations in the Theory of Value and Prices and 1896's Appreciation and Interest, Fisher explores: . how the numbers of consumers and the numbers of available commodities are more mysterious than they seem at first glance . what happens when production and consumption are examined jointly . how commodities influence one another . the relationship between appreciation and debt . formulas for varying rates of interest and appreciation . the impacts of zero and negative interest . and much more. American economist IRVING FISHER (1867-1947) was professor of political economy at Yale University. Among his many books are The Rate of Interest (1907), Why Is the Dollar Shrinking? A Study in the High Cost of Living (1914), Booms and Depressions (1932), and The Purchasing Power of Money (1912).
Article by Irving Fisher (1936), Professor Emeritus of Economics, Yale University, urges Congress to take back the Constitutional money power, redeem the national debt, require banks' demand deposit to be 100% liquid, to avoiding an inelastic loan structure that bursts, leaving frozen loans behind, and avoid 'Global Financial Crises'. Includes a brief biography of Irving Fisher.
This will help us customize your experience to showcase the most relevant content to your age group
Please select from below
Login
Not registered?
Sign up
Already registered?
Success – Your message will goes here
We'd love to hear from you!
Thank you for visiting our website. Would you like to provide feedback on how we could improve your experience?
This site does not use any third party cookies with one exception — it uses cookies from Google to deliver its services and to analyze traffic.Learn More.