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Irving Fisher

Robert W. Dimand

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Springer International Publishing img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Volkswirtschaft

Beschreibung

Acclaimed by Joseph Schumpeter as ‘The greatest economist the United States has ever produced’, this book examines the life and work of American economist and statistician Irving Fisher (1867–1947). Fisher’s reputation suffered for decades after his incorrect predictions for the stock market in October 1929 and the impact of Keynesian macroeconomics, but the importance of his work came to be recognized through the advocacy of many prestigious scholars including Milton Friedman, Hyman Minsky and James Tobin. 
 
With pivotal contributions including his Debt-Deflation Theory, Fisher Diagram and Ideal Index Number, his research in neoclassical economics influenced policymaking in his own day as well as during the recent financial crisis. This volume will be of interest to all those interested in the twentieth century transformation of economics.

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Schlagwörter

Fisher Diagram, Fisher Equation, Neoclassical economics, Fisher Relation, Theory of Interest and Capital, Debt-Deflation Theory, Indifference Curves, Irving Fisher, History of economic thought, Hydraulic Model of General Equilibrium, financial crises, Quantity Theory of Money