Edward Elgar Publishing The Economics of Irving Fisher: Reviewing the Scientific Work of a Great Economist

Product description This book pays tribute to the late Irving Fisher by discussing a range of issues on which he worked throughout his life. It serves as an excellent introduction to the contributions of one of the great economists spanning the late nineteenth and mid-twentieth centuries. The book begins with an overview of Irving Fisher's life including his contribution to the economics profession as well as details of his personal interests and beliefs. The contributors then go on to examine, from a modern perspective, some of the major topics Irving Fisher worked on including: * macroeconomics and the quantity theory * the management of monetary policy and reform of the monetary system * debt-deflation and the Great Depression * statistics, econometrics and index numbers * capital, income and the rate of interest * value, prices and financial assets * policy advice to government This book will be of interest to those working in the fields of the history of economic thought, monetary economics and economics and statistics. Review ‘. . . the book provides an authoritative and up-to-date account of Fisher’s impressive achievements in the most important fields of economic theory and policy and convincingly argues that his legacy is extremely relevant also for contemporary research.’ -- Giovanni Pavanelli, History of Economic Ideas ‘This excellent collection of papers delivered to the Irving Fisher Gesellschaft in 1997 deserves to be read by serious specialists in monetary and macro economics as well as the history of economic thought . . . The editors deserve praise as well as the contributors. They have managed to produce a disciplined collection of essays, while at the same time respecting the views of contributors. The Economics of Irving Fisher is well worth reading.’ -- Murray Wolfson, Journal of Economic Literature Synopsis This text pays tribute to Irving Fisher by discussing a range of issues on which he worked. It begins with an overview of his life and then goes on to examine, from a modern perspective, some of the major topics Fisher worked on, including: macroeconomics and the quantity theory; the management of monetary policy and reform of the monetary system; debt-deflation and the Great Depression; statistics, econometrics and index numbers; capital, income and the rate of interest; value, prices and financial assets; and policy advice to the government. About the Author Edited by Hans-E. Loef, former Professor of Economics, University of Siegen, Germany and Hans G. Monissen, Professor of Economics, University of Wurzburg, Germany