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