Irving Fisher

thumb|Irving Fisher, 1927. Irving Fisher (February 27, 1867 – April 29, 1947) was an American economist, statistician, inventor, and Progressive social campaigner. Quotes Interest is, as it were, human impatience crystallized into a market rate. Elementary Principles of Economics (1916), quoted in Joseph Schumpeter, Theory of Economic Development what looks like a permanently high plateau on stock prices, as quoted in the New York Times, 16 October 1929. The Great Wall Street crash of 1929 began on 24 October. theories [of interest] which have been presented as antagonistic and mutually annihilatory are in reality harmonious and complementary. Irving Fisher, The Theory of Interest (1930), quoted in Edward Chancellor, The Price of Time (2022), Introduction. Quotes about Irving Fisher Professor Fisher's The Purchasing Power of Money is dedicated to Simon Newcomb, from whom vid Professor Kemmerer the PT = MV formula ultimately derives. Newcomb was not a professional economist but a mathematician (Professor of Mathematics in the U.S. Navy and at Johns Hopkins). His Principles of Political Economy, published in 1886, is one of those original works which a fresh scientific mind, not perverted by having read too much of the orthodox stuff, is able to produce from time to time in a half -formed subject like economics. John Maynard Keynes (1930). A Treatise on Money. Vol. 1, p. 233 THE great American who has departed from us was much more than an economist. But the vast realm over which he held sway and the intellectual climate of the epoch that nourished his thought have been admirably surveyed in Econometrica, and I shall confine myself to Fisher’s purely scientific work in our field. This will restrict our subject. But it will not lower it — at least, it could do so only through my own fault. For whatever else Fisher may have been—social philosopher, economic engineer, passionate crusader in many causes that he believed to be essential to the welfare of humanity, teacher, inventor, businessman — I venture to predict that his name will stand in history principally as the name of this country’s greatest scientific economist. Joseph Schumpeter (1951). Ten Great Economists from Marx to Keynes. New York: Oxford University Press. p. 223. External links Category:1867 births Category:1947 deaths Category:Academics from the United States Category:Economists from the United States Category:Mathematicians from the United States Category:Inventors Category:Eugenicists Category:Activists from the United States Category:Atheists from the United States Category:People from New York (state) Category:Yale University alumni Category:Members of the American Philosophical Society