Title

Irving Fisher, Debt Deflation and Crises

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.

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