‎"FISHER, IRVING.‎
‎Die Kaufkraft des Geldes. Ihre Bestimmung und ihre Beziehung zu Kredit, Zins und Krisen. - [SEMINAL WORK IN MONETARY ECONOMICS]‎

‎Berlin, Verlag von Georg Reimer, 1916. Royal8vo. Bound in a nice contemporary half calf binding with five raised bands and gilt lettering to spine. Stamps to titlepage, otherwise fine. XX, 435 pp. + one folded plate.‎

Reference : 51517


‎First German edition of Fisher's seminal work in which he introduced his famous equation of exchange, known as the Fisher Equation. ""No other mathematical formulation in economics, perhaps no other in history save that of Albert Einstein, has enjoyed a greater vogue, and this continues without diminution to our own time."" (Galbraith. A History of Economics, Pp. 152-3).The Fisher Equation states MV=PT. (M=stock of money, V= the velocity of circulation of money, P=price level, T=amount of transactions carried out using money).In theory this means that by varying the supply of money, while the velocity and the volume of trade remained the same could raise or lower the level of prices. Upward movements could be arrested by reducing the money supply.""This was a mojor, even awe-inspiring, step in the history of economics. [...] Later, in the early years of the Great Depression, Fischer and his disciples would be at the center of policy"" they would urge and, in some measures, create a plan to arrest the punishing price deflation of the time. [...] With Fisher the long history of money is brought into the modern era.""Irving Fisher is regarded as being one of the earliest American neoclassical economists and the first celebrity economist. Fisher was also the first economist to distinguish clearly between real and nominal interest rates and he was by Milton Friedman called ""the greatest economist the United States has ever produced.""‎

€536.49 (€536.49 )
Bookseller's contact details

Herman H. J. Lynge & Son
William Schneider
Silkegade 11
1113 Copenhagen
Denmark

herman@lynge.com

+45 33 155 335

Contact bookseller

Payment mode
Cheque
Transfer
Others
Sale conditions

All items may be returned for a full refund for any reason within 14 days of receipt.

Contact bookseller about this book

Enter these characters to validate your form.
*
Send
Get it on Google Play Get it on AppStore
The item was added to your cart
You have just added :

-

There are/is 0 item(s) in your cart.
Total : €0.00
(without shipping fees)
What can I do with a user account ?

What can I do with a user account ?

  • All your searches are memorised in your history which allows you to find and redo anterior searches.
  • You may manage a list of your favourite, regular searches.
  • Your preferences (language, search parameters, etc.) are memorised.
  • You may send your search results on your e-mail address without having to fill in each time you need it.
  • Get in touch with booksellers, order books and see previous orders.
  • Publish Events related to books.

And much more that you will discover browsing Livre Rare Book !