Irving Fisher (1867–1947)
Author of The Theory of Interest as Determined by Impatience to Spend Income and Opportunity to Invest It
About the Author
Irving Fisher was an American economist best noted for his work in the fields of statistics, monetary theory, interest, and capital. He spent most of his life at Yale University, first as a student and later as a member of the faculty. A prolific writer, he produced nearly 30 books and hundreds of show more scientific papers. He was also a reformer-prohibitionist, pacifist, and nutritionist-by way of his best-selling book, How to Live (1915). Fisher's business ventures included a profitable system of card-index filing, which he designed and sold. He was, however, less successful as a forecaster. One week before the infamous stock market crash of 1929, he proclaimed that the U.S. economy was on a "permanently high plateau." During the ensuing crash, he lost most of the fortune he had earned on his filing system. One of Fisher's lasting contributions was his classic Making of Index Numbers (1927), which attempted to develop a theory that would be statistically operative. Another was his theory of a "real" rate of interest. His Rate of Interest (1907), and its extensive revision, which appeared as The Theory of Interest (1930), offered an explanation of capitalism that made the rate of interest dependent on productivity, time preference, risk, and uncertainty. In his writing Fisher was able to satisfy the requirements of both the specialist and the general reader without banishing mathematics to footnotes or appendices. A final, and perhaps most important, contribution was the quantity theory of money expression, which is used to link changes in the quantity of money to changes in the price level. Much of Fisher's work was truly pioneering. His concern with a stable price level was based as much on a sense of fairness to debtors and creditors as it was on a desire to avoid the "dance of the dollar"-otherwise known as the business cycle. (Bowker Author Biography) show less
Image credit: Library of Congress Prints and Photographs Division, George Grantham Bain Collection (Reproduction Number: LC-USZ62-101515) (cropped)
Works by Irving Fisher
The Theory of Interest as Determined by Impatience to Spend Income and Opportunity to Invest It (1930) 29 copies
Mathematical Investigations in the Theory of Value and Prices, and Appreciation and Interest (1991) 16 copies
The purchasing power of money; its determination and relation to credit, interest and crises (1985) 13 copies
100% money; designed to keep checking banks 100% liquid; to prevent inflation and deflation; largely to cure or prevent… (1996) 4 copies
America's Interest in World Peace 4 copies
Prohibition and its worst, revised, 2 copies
How To Invest When Prices Are Rising: A Scientific Method Of Providing For The Increasing Cost Of Living (1912) (2009) 2 copies
Opere 2 copies
League or war? 1 copy
Bulletin 30 of the Committee of one hundred on national health, being a report on national vitality 1 copy
Inflation? 1 copy
A Ilusão Monetária - eBook 1 copy
Associated Works
Tagged
Common Knowledge
- Canonical name
- Fisher, Irving
- Birthdate
- 1867-02-27
- Date of death
- 1947-04-29
- Gender
- male
- Nationality
- USA
- Birthplace
- Saugerties, New York, USA
- Place of death
- New York, New York, USA
- Education
- Yale University (BA|1888)
Yale University (PhD|Economics|1891) - Occupations
- Economist
- Relationships
- Fisher, Irving Norton (son)
- Organizations
- Skull and Bones
Members
Reviews
100% money by Irving Fisher
I read this book while working on my PhD combining the paradigms of viable monetary stock emissions with Good Governance, and asking whether or not a viable and sustainable currency could also be issued in a Democratic way. My conclusions, as I recall (based more on Silvio Gesel and Keynes perhas than Fisher, see my book: [b:SHARED MONETARY GOVERNANCE: Exploring Regulatory Frameworks, Participatory Internal Decision-making and Scale in Institutional Access to General and Special Purpose Currencies|21532029|SHARED MONETARY GOVERNANCE Exploring Regulatory Frameworks, Participatory Internal Decision-making and Scale in Institutional Access to General and Special Purpose Currencies|Shira Destinie Jones Landrac|https://s.gr-assets.com/assets/nophoto/book/50x75-a91bf249278a81aabab721ef782c4a74.png|40860339] for details in the bibliography on my synthesis of Fisher, Keynes, Gesell and Olin-Wright's work...… (more)
I read this book while working on my PhD combining the paradigms of viable monetary stock emissions with Good Governance, and asking whether or not a viable and sustainable currency could also be issued in a Democratic way. My conclusions, as I recall (based more on Silvio Gesel and Keynes perhas than Fisher, see my book: [b:SHARED MONETARY GOVERNANCE: Exploring Regulatory Frameworks, Participatory Internal Decision-making and Scale in Institutional Access to General and Special Purpose Currencies|21532029|SHARED MONETARY GOVERNANCE Exploring Regulatory Frameworks, Participatory Internal Decision-making and Scale in Institutional Access to General and Special Purpose Currencies|Shira Destinie Jones Landrac|https://s.gr-assets.com/assets/nophoto/book/50x75-a91bf249278a81aabab721ef782c4a74.png|40860339] for details in the bibliography on my synthesis of Fisher, Keynes, Gesell and Olin-Wright's work...… (more)
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Associated Authors
Statistics
- Works
- 37
- Also by
- 1
- Members
- 242
- Popularity
- #93,893
- Rating
- 2.9
- Reviews
- 2
- ISBNs
- 75
- Languages
- 5
