Hostname: page-component-54dcc4c588-dbm8p Total loading time: 0 Render date: 2025-09-15T11:40:37.898Z Has data issue: false hasContentIssue false
  • English
  • Français

Was Fisher a Practicing Quantity Theorist?

Published online by Cambridge University Press:  11 June 2009

Frank G. Steindl
Get access Rights & Permissions [Opens in a new window]

Extract

The equation of exchange is identified with the name Irving Fisher. Although it is not the quantity theory, a point often made by him, it is the core organizing ingredient for his subsequent quantity theoretic analyses. It has in fact been argued that the quantity theory was central to Fisher's work, that “his fundamental premise and basis for all other analysis and policy prescription was this: money matters and matters most, [that he indeed was] the first of the modern ‘monetarists’” (Allen 1977, p. 563).

Information

Type
Articles
Information
Journal of the History of Economic Thought , Volume 19 , Issue 2 , Fall 1997 , pp. 241 - 260
Copyright
Copyright © Cambridge University Press 1997

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable

References

REFERENCES

Allen, Robert L. 1993. Irving Fisher: A Biography, Blackwell, Cambridge, Massachusetts.Google Scholar
Allen, William R. 1977. “Irving Fisher, F. D. R., and the Great Depression,” History of Political Economy, 9, Winter, 560–587.CrossRefGoogle Scholar
Angèll, James W. 1936. The Behavior of Money, McGraw-Hill, New York.Google Scholar
Currie, Lauchlin. 1935. The Supply and Control of Money in the United States, 2d ed., Harvard University Press, Cambridge.Google Scholar
Dimànd, Robert W. 1994. “Irving Fisher's Debt-Deflation Theory of Great Depressions,” Review of Social Economy, 52, Spring, 92–107.CrossRefGoogle Scholar
Dominguez, Kathryn M., Ray C., Fair, and Shapiro, Matthew D.. 1988. “Forecasting the Depression: Harvard versus Yale,” American Economic Review, 78, 09, 595–612.Google Scholar
Fisher, Irving. 1911a. The Purchasing Power of Money, 2d ed., 1922, Macmillan, New York; reprint of 2d ed., Augustus M. Kelley, New York, 1971.Google Scholar
Fisher, Irving. 1911b. “The Equation of Exchange: 1896–1910,” American Economic Review, 1, 06, 296–305.Google Scholar
Fisher, Irving. 1914. Why the Dollar is Shrinking? A Study in the High Cost of Living, Macmillan, New York.Google Scholar
Fisher, Irving. 1920. Stabilizing the Dollar, Macmillan, New York.Google Scholar
Fisher, Irving. 1923. “The Business Cycle Largely a ‘Dance of the Dollar,’ Journal of the American Statistical Association, 18, 12, 1025–1028.CrossRefGoogle Scholar
Fisher, Irving. 1925. “Our Unstable Dollar and the So-called Business Cycle,” Journal of the American Statistical Association, 20, 06, 179–202.CrossRefGoogle Scholar
Fisher, Irving. 1926. “A Statistical Relation between Unemployment and Price Changes,” International Labour Review, 13, 785–792; reprinted in Fisher, 1973.Google Scholar
Fisher, Irving. 1932a. “What Should Be Done in the Present Emergency?”, in Norman Wait Harris Foundation, Round Table Conference on Gold and Monetary Stabilization, University of Chicago, 01 29, 193–253.Google Scholar
Fisher, Irving. 1932b. Booms and Depressions, Adelphi, New York.Google Scholar
Fisher, Irving. 1933a. “The Debt-Deflation Theory of Great Depressions,” Econometrica, 1, 10, 337–357.CrossRefGoogle Scholar
Fisher, Irving. 1933b. After Reflation, What?, Adelphi, New York.Google Scholar
Fisher, Irving. 1935. “Fisher Backs View Recovery Is Near,” New York Times, 05 24, 38.Google Scholar
Fisher, Irving. 1936. “The Depression, Its Causes and Cures,” Abstracts of Papers Presented at the Research Conference on Economics and Statistics Held by the Cowles Commission Research in Economics, Colorado College, Colorado Springs, 104–120.Google Scholar
Fisher, Irving. 1945. 100 Per Cent Money, 3d ed., City Printing Company, New Haven.Google Scholar
Fisher, Irving. 1973. “I Discovered the Phillips Curve,” Journal of Political Economy, 81, 03/04, 496–502.CrossRefGoogle Scholar
Friedman, Milton and Schwartz, Anna J.. 1963. A Monetary History of the United States: 1867–1960, Princeton University Press, Princeton.Google Scholar
Friedman, Milton. 1970. Monetary Statistics of the United States, Columbia University Press, New York.Google Scholar
Kemmerer, Edwin W. 1909. Money and Credit Instruments in their Relation to General Prices, Henry Holt, New York.Google Scholar
Laidler, David. 1991. The Golden Age of the Quantity Theory, Princeton University Press, Princeton.CrossRefGoogle Scholar
Rogers, James Harvey. 1933. “The Absorption of Bank Credit,” Econometrica, 1, 03, 119–129.CrossRefGoogle Scholar
Romer, Christina D. 1992. “What Ended the Great Depression?,” Journal of Economic History, 52, 12, 757–784.CrossRefGoogle Scholar
Steindl, Frank G. 1995. Monetary Interpretations of the Great Depression, University of Michigan Press, Ann Arbor.Google Scholar