Description
Celebrated by renowned economist Joseph Schumpeter as ‘The greatest economist the United States has ever produced’, Irving Fisher (Great Thinkers in Economics) (PDF) delves into the remarkable life and groundbreaking contributions of Irving Fisher (1867–1947), an influential American economist and statistician. Despite facing criticism and a significant decline in reputation following his inaccurate stock market forecasts in October 1929 and the subsequent rise of Keynesian macroeconomic theory, Fisher’s intellectual legacy has experienced a resurgence, championed by leading economic figures such as Hyman Minsky, Milton Friedman, and James Tobin.
Fisher’s innovative ideas, including the Fisher Diagram, the Debt-Deflation Theory, and the Ideal Index Number, have played a crucial role in shaping the landscape of neoclassical economics. His pioneering research not only informed economic policy during his lifetime but also remains relevant in discussions surrounding contemporary financial crises. This enlightening volume is an essential read for anyone interested in understanding the profound shifts in economic thought throughout the twentieth century.
IMPORTANT: This product includes the ebook version of Irving Fisher (Great Thinkers in Economics) in PDF format. Please note, no access codes are provided.
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