Chapter 7 introduces Keynes at Versailles and he features as the dominant personality in chapters 9, 10, 12 and 14, often in tandem with Irving Fisher
claimed that expanded credit was the main cause of booms, and the crunch of debt repayment the main precipitant of busts.
A leading economist of that time, Irving Fisher
, wrote that "an underlying cause (or precondition) of great booms and depressions is the 10% system [by which he meant fractional reserve banking] itself.
(1867-1947) was an American economist, health campaigner, and eugenicist
Full reserve banking was advocated by Henry Simons, Irving Fisher
, and Frank Knight in the 1930s--three of the world's leading economists of their day.
Why is the idea, common to John Maynard Keynes, Milton Friedman, Knut Wicksell, Irving Fisher
, and Walter Bagehot alike, that governments must intervene strategically in financial markets to stabilize economy-wide spending now a contested one?
The theory of "debt-deflation", put forward by Irving Fisher
in 1933, is not certitude; yet it delivers a stern warning to economies with large amounts of corporate and personal debt.
She cites Irving Fisher
, whom she admires, as saying, "There must be more money
In 1933, the famous economist Irving Fisher
wrote a small monograph entitled Stamp Scrip, in which he extolled the virtues of this medium of exchange.
This small book starts quite simply with the two-period decision model of Irving Fisher
1912: Irving Fisher
patented the archiving system with index cards
Few American economists have the reputation Irving Fisher
has--he is probably second only to Henry George as an economist of whom the American public was aware in the early twentieth century--and no other economist has undergone such dramatic reversals of fortune over time to achieve his reputation.