Irving Fisher, Debt Deflation and Crises

Authors

Robert J. Shiller

Document Type

Discussion Paper

Publication Date

8-1-2011

CFDP Number

1817

CFDP Pages

8

Abstract

It is the 100th anniversary of Irving Fisher’s 1911 book The Purchasing Power of Money . But, more important than that, it is a good time, during the current financial turmoil, to reconsider some of his theories again, in light of current events. And I think that some of his theories about variations in the purchasing power of money are very important today, have been underappreciated, and are worthy of considering anew.

Recommended Citation

Shiller, Robert J., "Irving Fisher, Debt Deflation and Crises" (2011). Cowles Foundation Discussion Papers. 2165.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/2165