Praised by Joseph Schumpeter as ‘The most significant economist the United States has in fact ever produced’, Irving Fisher (Great Thinkers in Economics), (PDF) checks out the life and work of American economist and statistician Irving Fisher (1867–1947). Fisher’s performance history suffered for several years after his incorrect projections for the stock market in October 1929 and the effect of Keynesian macroeconomics, nevertheless the significance of his work ended up being acknowledged through the advocacy of various prominent scholars including Hyman Minsky ,Milton Friedman, and James Tobin. With important contributions including his Fisher Diagram ,Debt-Deflation Theory and Ideal Index Number, his research study in neoclassical economics impacted policymaking in his own day in addition to throughout the most current financial crisis. This volume will be of interest to all those fretted about the twentieth century enhancement of economics.
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