6 books for « fisher irving »Edit

‎The Debt-Deflation Theory of Great Depressions. - [FISHER'S 'DEBT DEFLATION THEORY']‎

‎[Menasha, Wisconsin], The Econometric Society, 1933. Royal8vo. In a contemporary black half calf binding with gilt lettering to spine. In ""Econometrica"", Vol. 1, 1933. Entire volume offered. Light wear to extremities and small stamp to title-page. A fine copy. Pp. 339-357. [Entire volume: (4), 448 pp.].‎

‎First edition of Fisher's seminal work in which he introduced the concept of 'Debt deflation': a theory of economic cycles that holds that recessions and depressions are due to the overall level of debt shrinking (deflating): the credit cycle is the cause of the economic cycle.The theory was developed by Irving Fisher following the Wall Street Crash of 1929 and the ensuing Great Depression. The debt deflation theory was familiar to John Maynard Keynes prior to Fisher's discussion of it, but he found it lacking in comparison to what would become his theory of liquidity preference. The theory, however, has enjoyed a resurgence of interest since the 1980s, both in mainstream economics and in the heterodox school of post-Keynesian economics, and has subsequently been developed by such post-Keynesian economists as Hyman Minsky and Steve Keen and by the mainstream economist Ben Bernanke. ""During the Great Depression, observing the catastrophes of the world around him, which he shared personally, Fisher came to quite a different theory of the business cycle from the simple monetarist version he had espoused earlier. This was his 'Debt-deflation theory of depression', summarized in the first volume of Econometrica, the organ of the international society he helped to found. The essential features are that debt-financed Schumpeterian innovation fuel a boom, followed by a recession between excessive real debt burdens and deflation. Note the contrast to the Pigou real balance effect, according to which prices declines are the benign mechanism that restores full-employment equilibrium. The realism is all on Fisher's side. This theory of Fisher's has room for the monetary and credit cycles of which he earlier complained, and for the perversely pro-cyclical real interest rate movements mentioned above.""‎

‎The Purchasing Power of Money. Its Determination and Relation to Credit, Interest and Crisis. - [SEMINAL WORK IN MONETARY ECONOMICS]‎

‎New York, Macmillan, 1911. 8vo. In the original full cloth. Library-label (University Club of Chicago) pasted on to pasted down front free end-paper. Wear and soiling to extremities. Text on spine faded and ""F1"" wirtten in white to spine. Cloth loosend to back of spine and a 2 cm long tear to the middle of spine. Book-block, however, firmly attached. Internally fine and clean. XXII, (2), 505 pp.‎

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‎First printing 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.""‎

‎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.‎

‎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.""‎

‎The Stock Market Crash - And After. - [THE CAUSES OF THE 1929 STOCK MARKET CRASH]‎

‎New York, Macmillan, 1930. 8vo. In the original red full cloth and with the the original dust-jacket. Dust-jacket price-clipped and missing 2 cm of lower part of spine, spine discoloured. Internally very fine and clean. Binding likewise very fine and clean. xxvi, (2), 286 pp.‎

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‎First edition of this seminal work tracing the causes of the 1929 Stock Market Crash, here in scarce original dust-jacket..Irving Fisher is considered 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 Milton Friedman called him ""the greatest economist the United States has ever produced.""Considered ""the father of monetary economics"" (Pressman, 91), ""Irving Fisher was, in the opinion of many, the leading economic theorist in the United States during the first half of the 20th century. Although his contributions to economic theory and to the development of econometrics ensure him a preeminent position among contemporary economists, he was a versatile man. In his day he was equally well-known as social philosopher, teacher, inventor, businessman, and passionate crusader for many social causes"" (DAB).‎

‎Irving Fischer. L'Illusion de la monnaie stable. Préface de Francis Delaisi. Avec 5 graphiques dans le texte‎

‎Générique Broché D'occasion état correct 01/01/1929 150 pages‎

‎The Making of Index Numbers - A Study of Their Varieties, Tests, and Reliability‎

‎Augustus M. Kelley , Reprints of Economic Classics Malicorne sur Sarthe, 72, Pays de la Loire, France 1967 Book condition, Etat : Bon hardcover, editor's blue printed binding, no dust-jacket grand In-8 1 vol. - 571 pages‎

‎61 black and white tables reprint,1967 "Contents, Chapitres : Prefatory note, Prefaces, Suggestions to readers, Table of contents, Contents of appendices, List of tables, List of charts, xxxiii, Text, Appendices, Index, 538 pages - Six types of index numbers compared - Four methods of weighting - Two great reversal tests - Erratic, biased, and freakish index numbers - The two reversal tests as finders of formulae - Rectifying formulae by "" crossing "" them - Rectifying formulae by crossing their weights - The enlarged series of formulae - What simple index number is best ? - What is the best index number ? - Comparing all the index numbers with the "" ideal "", formula 353 - The so-called circular test - Blending the apparently inconsistent results - Speed of calculation - Other practical considerations - Summary and outlook - Appendices : Notes to text - The influence of weighting - An index number an average of ratios rather than a ratio of averages - Landmarks in the history of index numbers - List of formulae for index numbers - Numerical data and examples - Index numbers by 134 formulae for prices by the fixed base system and, in note-worthy cases, the chain system - Selcted bibliography - Review of literature since the first edition" near fine copy, the editor's binding is fine, inside is fine, clean and unmarked, without dust-jacket‎