Irving Fisher (1867-1947) was an American economist at Yale University, one of the first American neoclassical economists. He formulated the Fisher equation relating nominal and real interest rates to inflation, and restated the quantity theory of money through the equation of exchange. His later work on debt deflation, developed after his own losses in the 1929 crash, was later embraced by post-Keynesian economists including Hyman Minsky. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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Source Irving Fisher (Wikipedia)
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Fisher's The Theory of Interest (1930) gave the classic systematic treatment of discounting future value.
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Additional Source Time value of money (Wikipedia)
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Additional Source WikipediaIrving Fisher, legacy / monetarism section
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Source Irving Fisher (Wikipedia)Lead sentence 1Quote, Lead sentence 1
Irving Fisher (February 27, 1867 – April 29, 1947) was an American economist, statistician, inventor, eugenicist and progressive social campaigner.
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1. Irving Fisher (Wikipedia)
Wikimedia FoundationLead section
He was one of the earliest American neoclassical economists, though his later work on debt deflation has been embraced by the post-Keynesian school.
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February 27, 1867
Infobox, Died field
April 29, 1947
In Group: Monetarist and Monetary Economists, Lead
He was also a pioneer in the rigorous study of intertemporal choice in markets, which led him to develop a theory of capital and interest rates.
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Wikimedia FoundationInfluenced: Milton Friedman, Irving Fisher, legacy / monetarism sectionQuote, Influenced: Milton Friedman, Irving Fisher, legacy / monetarism section
His research on the quantity theory of money inaugurated the school of macroeconomic thought known as "monetarism." Milton Friedman described Fisher as "the greatest economist the United States has ever produced," and cited Fisher's work in his book Money Mischief: Episodes in Monetary History.
Time value of money (Wikipedia)
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