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Topic: Irving Fisher


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In the News (Fri 9 Jan 09)

  
  Irving Fisher, Biography: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Irving Fisher was one of America's greatest mathematical economists and one of the clearest economics writers of all time.
Fisher called interest "an index of a community's preference for a dollar of present [income] over a dollar of future income." He labeled his theory of interest the "impatience and opportunity" theory.
Irving Fisher was born in upstate New York in 1867.
www.econlib.org /library/Enc/bios/Fisher.html   (1042 words)

  
  Irving Fisher - Wikipedia, the free encyclopedia
Fisher was so discredited by his 1929 pronouncements, and by the failure of a firm he had started, that few people took notice of his "debt-deflation" analysis of the Depression.
Fisher was also the first economist to distinguish clearly between real and nominal interest rates, concluding that the real interest rate equals the nominal interest rate minus the expected inflation rate.
Fisher made free use of the standard diagrams used to teach undergraduate economics, but labelled the axes "consumption now" and "consumption next period" instead of, e.g., "apples" and "oranges." The resulting theory, one of considerable power and insight, was exposited in considerable detail in The Theory of Interest; for a concise exposition, click here.
en.wikipedia.org /wiki/Irving_Fisher   (1544 words)

  
 Fisher separation theorem - Wikipedia, the free encyclopedia
The Fisher separation theorem in economics asserts that the objective of a firm will be the maximization of its present value, regardless of the preferences of its owners.
It was proposed by the economist Irving Fisher who is its eponym.
Irving Fisher's Theory of Investment, The History of Economic Thought, The New School
en.wikipedia.org /wiki/Fisher_separation_theorem   (189 words)

  
 Irving Fisher Society on Financial and Monetary Statistics   (Site not responding. Last check: 2007-10-19)
During the August 13, 2003 meeting of the ISI Council and the August 18, 2003 meeting of the ISI General Assembly, the Irving Fisher Committee was formally granted transitional ISI Section status.
The new "Irving Fisher Society for Financial and Monetary Statistics" was thus established.
Recognising the need for this provisional Section to further develop its organisational infrastructure, during the April 2005 ISI Session in Sydney, it was announced that the Irving Fisher Society will remain a provisional ISI Section for an indefinite period.
isi.cbs.nl /fisher.htm   (134 words)

  
 Irving Fisher American Journal of Economics and Sociology, The - Find Articles
Irving Fisher was born in Saugerties, New York, on 27 February 1867; he was residing in New Haven, Connecticut at the time of his death in a New York City hospital on 29 April 1947.
Fisher's search for conceptual clarity about 'the nature of capital and income' led him not only to lay the foundations of modern social accounting but also to argue that income taxation wrongly puts saving in double jeopardy.
Fisher turned his talents to monetary theory because he suspected that economic instability was largely the fault of existing monetary institutions.
www.findarticles.com /p/articles/mi_m0254/is_1_64/ai_n13798783   (880 words)

  
 Irving Fisher: Origins of Modern Central Bank Policy - Economic Insights, vol. 10, no. 1 - FRB Dallas
Fisher (no relation to the undersigned, though I would like to claim access to his gene pool) was a pioneer in many theoretical and technical areas of economics that today are the foundation of central bank policy.
Fisher was born in 1867 in Saugerties, New York, and died in New York City in 1947.
Fisher had been well schooled in the political economy of the day—primarily the British tradition of Adam Smith, David Ricardo and J. Mill—but ventured into neoclassical mathematical economics, becoming one of its pioneers.
www.dallasfed.org /research/ei/ei0501.html   (2946 words)

  
 Educate Yourself - Irving Fisher and the Crash of 1929
Irving Fisher was a leading economist of his time who had authored books with the titles "The Purchasing Power of Money," "The Rate of Interest," and "The Theory of Interest." It's easy to view him as the Abby Cohen, Harry Dent, or Jim Glassman of his day.
Fisher was also optimistic because of the relaxation of the antitrust laws during Calvin Coolidge's presidency which allowed for a series of mergers in banking, railroad and utility companies that promised greater economies of scale and more efficient production.
Fisher was also a big proponent of investment trusts (the precursor to today's mutual funds), a recent innovation and wildly popular by the fall of 1929.
www.buyandhold.com /bh/en/education/history/2000/102299.html   (1458 words)

  
 Irving Fisher and the Cowles Foundation   (Site not responding. Last check: 2007-10-19)
In this centennial year of the birth of Irving Fisher, it is appropriate to recall the various links between Fisher's thought and action as an economist and the origins and activities of the Cowles Commission (now Cowles Foundation) for Research in Economics.
The extent to which Irving Fisher's thought is alive in current economic research is illustrated by a forthcoming collective work, "Ten Economic Studies in the Tradition of Irving Fisher." One of these studies is an evaluation of Fisher's work by Paul A. Samuelson of the Massachusetts Institute of Technology.
The third link is that Fisher was associated with Yale University for most of his professional career, 1890–1935, first in the Department of Mathematics, then in the Department of Political and Social Science, and ultimately in the Department of Economics.
www.econ.yale.edu /cowles/about-cf/fisher_cf.htm   (391 words)

  
 Highbeam Encyclopedia - Search Results for Fisher, Irving   (Site not responding. Last check: 2007-10-19)
The ideal inflation-indexed bond and Irving Fisher's impatience theory of interest with overlapping generations.
Irving Fisher and the contribution of improved longevity to living standards.
Irving Fisher, Victor Fuchs, and the health-government tangle.
www.encyclopedia.com /articles/04511.html   (421 words)

  
 Irving Fisher (1867 – 1947)
Irving Fisher was one of America’s earliest neo-classical economists, although during his lifetime he was regarded as somewhat of a celebrity economist, he reputation in modern economic thought is even higher.
Fisher was a pioneer in the use of price indexes.
Irving Fischer was one of America’s earliest neo-classical economists, although during his lifetime he was regarded as somewhat of a celebrity economist, he reputation in modern economic thought is even higher.
www.tutor2u.net /newsmanager/templates/?a=943&z=58   (599 words)

  
 Eddie Fisher : Sings Irving Berlin Favorites - Listen, Review and Buy at ARTISTdirect   (Site not responding. Last check: 2007-10-19)
Irving Berlin Favorites did not replicate that success (perhaps because he was actually recording a bit too much), but it was a good collection sung in typical manner by Fisher with accompaniment, as usual, by Hugo Winterhalter.
Fisher managed to combine the sonority of Perry Como with the soaring quality of Tony Bennett, especially on "When I Leave the World Behind," a performance that also recalled a much earlier Victor singer, Henry Burr, who had hit with it in 1915.
His renditions of the vintage songs were not likely to make you forget other interpretations from years past, but Berlin's simple, direct lyrics and catchy melodies remained as foolproof as ever, and for music lovers looking for an excuse to accept the most popular singles artist of the day, this album answered their needs.
www.artistdirect.com /nad/store/artist/album/0,,86015,00.html   (333 words)

  
 Irving Fisher of Yale American Journal of Economics and Sociology, The - Find Articles
Fisher, it should also be noted, was based at Yale throughout his entire adult life.
The exception was a centennial appreciation prepared by Paul Samuelson, in which he saw fit to scold earlier generations of Yale economists for their failure to applaud the contributions to the discipline made by one of their own.
Such an exercise can throw instructive light on attributes of Fisher's style, on the academic culture of Yale in his day, and on the state of the art in American economics in the first half of this century.
www.findarticles.com /p/articles/mi_m0254/is_1_64/ai_n13803502   (995 words)

  
 Works of Irving Fisher published by Pickering & Chatto   (Site not responding. Last check: 2007-10-19)
Irving Fisher (1867-1947) is widely recognised as one of the main architects of the ‘pillars and arches’ of twentieth-century economics.
Every one of Fisher’s five major works and four of his minor works, as well as a dozen or more of his most important papers are reprinted here with explanatory introductions, samples of the original reviews they received, as well as the private reactions they produced among Fisher’s friends and colleagues.
In addition, many of Fisher’s letters to the great and the near great are included, which reveal Fisher’s relentless efforts to influence policy makers….
www.pickeringchatto.com /irvingfisher.htm   (428 words)

  
 Irving Fisher Encyclopedia Article @ ColorfulImaginations.com (Colorful Imaginations)   (Site not responding. Last check: 2007-10-19)
Irving Fisher Encyclopedia Article @ ColorfulImaginations.com (Colorful Imaginations)
Melanie Catherwood, Jason Cronin, Paul Cuzzupe, Shannon Fisher, Amanda Giroux...
Fisher, Irving on the Portraits of Statisticians page.
colorfulimaginations.com /encyclopedia/Irving_Fisher   (1642 words)

  
 Fisher, Irving. The Columbia Encyclopedia, Sixth Edition. 2001-05
He was also one of the first to work out a numbered index system for filing.
Fisher’s interests were wide; they included activities in academic, business, welfare, and public organizations, especially public health societies.
Important among his many books are Mathematical Investigations in the Theory of Value and Prices (1892), Appreciation and Interest (1896), The Nature of Capital and Income (1906), The Rate of Interest (1907), The Making of Index Numbers (1922), and Theory of Interest (1930).
www.bartleby.com /65/fi/FisherI.html   (218 words)

  
 Irving Fisher's Theory of Interest Rates and Its Extention
Irving Fisher's theory of interest rates relates the nominal interest rate i to the rate of inflation π and the "real" interest rate r.
It is the interest rate that lenders have to have to be willing to loan out their funds.
An alternate approach to incorporating country risk premiums into the analysis is to reformulate Fisher's original equation to include a factor of (1+ρ) where ρ is the risk premium for the country.
www2.sjsu.edu /faculty/watkins/fisher1.htm   (659 words)

  
 essays research papers - Irving Fisher
My proposition is to take an in depth examination of Irving Fisher’s views on the origin of the Great Depression, his debt deflation theory and the policy measures he advocated.
Only days prior to the stock market crash, Fisher predicted that the shares were in fact not overvalued and their increases were due to new profit opportunities created by new technological advances and increases in productivity.
As the crash seemed to worsen overtime, however, he became aware that new theoretical explanations were needed and presented a new model, the debt-inflation theory, based upon the interaction of real and monetary reasoning.
www.123helpme.com /view.asp?id=72100   (554 words)

  
 The 1929 stock market: Irving Fisher was right
Irving Fisher argued just before the crash that fundamentals were strong and the stock market was undervalued.
The evidence strongly suggests that Fisher was right.
"The 1929 Stock Market: Irving Fisher Was Right," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol.
ideas.repec.org /p/fip/fedmsr/294.html   (675 words)

  
 Searching For Irving Fisher
Professor Irving Fisher was revered as a financial authority during the boom years leading into 1929.
Of the endless quotes supplied by Fisher both before and after the crash, one is most frequently referenced.
Fisher’s phenomenally bad sense of timing, but also as a gauge for comparing the mania of 1999: what are we to make of the market prognostications that came from the likes of Glassman, Cohen, Cramer, and Kudlow:
www.gold-eagle.com /editorials_03/willettalway062003.html   (1627 words)

  
 Irving Fisher: The Nature of Capital and Income, first edition from Manhattan Rare Book Company
Irving Fisher: The Nature of Capital and Income, first edition from Manhattan Rare Book Company
Fisher's Nature of Capital and Income, " besides presenting the first modern theory of accounting, is (or should be) the basis of modern income analysis."
First edition of Irving's classic economic text, the first book to develop a theory of capital on an actuarial and accounting basis.
www.manhattanrarebooks.com /fisher.htm   (187 words)

  
 The Theories of Irving Fisher [Virtual Economy]
The main theoretical work that Fisher is remembered for is the Fisher Equation of Exchange - particularly as this is the only thing he has named after him!
Fisher developed the equation simply as a mathematical identity, and Classical economists and Monetarists then made certain assumptions about it that enabled them to explain the cause of inflation.
In the Fisher equation above M would be equal to £5, V equal to 20 and PT would be £100.
www.bized.ac.uk /virtual/economy/library/economists/fisherth.htm   (268 words)

  
 Irving Fisher   (Site not responding. Last check: 2007-10-19)
Irving Fisher was born in Saugerties, New York on February 27, 1867.
Fisher wrote numerous articles and books in the fields of mathematics, political economics, tuberculosis, diet, and public health.
The papers consist of correspondence, diaries, writings, teaching files, and memorabilia documenting the professional career and personal life of Irving Fisher, a mathematician, political economist, author, inventor, and activist in social causes.
www.library.yale.edu /un/papers/fisher.htm   (230 words)

  
 Celebrating Irving Fisher
I'm delighted to be able to add a few words to this volume that celebrates the work of my grandfather, Irving Fisher, and explores the major themes of his life.
I hope that his example will also encourage the next generation of scholars to move beyond the narrow disciplinary boundaries within which most academics are trained, and to respond imaginatively to the needs of an increasingly complex world.
Irving Fisher, Victor Fuchs, and the Health-Government Tangle, Richard Zeckhauser
cowles.econ.yale.edu /books/gean/fisher.htm   (859 words)

  
 Irving Fisher [Virtual Economy]
As with many Classical economists, Fisher had a varied background.
He was born in New York State in 1867 and his first specialism was mathematics.
Monetarist theory of inflation is based on his (Fisher) Equation of Exchange
www.bized.ac.uk /virtual/economy/library/economists/fisher.htm   (153 words)

  
 [No title]
That the distinction between "a stock" and "a flow" or "a rate of flow." is an important one, the writer of this article does not doubt.
To the latter the idea of a surplus is the fundamental characteristic of stock, while to the former 'stock' comprises all economic goods in existence at a given instant.
To illustrate, while to Adam Smith, on the one hand 'stock' corresponds to the pond of water -- the accumulated surplus of the inflow over the outflow, -- to Professor Fisher, on the other hand it is the pond of water plus the inflowing and outflowing streams at an instant of time.
socserv2.socsci.mcmaster.ca /~econ/ugcm/3ll3/fisher/capital4   (5813 words)

  
 Irving Fisher
Irving Fisher was one of the earliest American neo-classicals of unusual mathematical sophistication.
(2) his volumes on the theory of capital and investment (1896, 1898, 1906, 1907, 1930) which brought the Austrian intertemporal theories into the English-speaking world, wherein he introduced the famous distinction between "stocks" and flows", the Fisher Separation Theorem and the loanable funds theory of interest rates.
When Irving Fisher wrote his 1892 dissertation, he constructed a remarkable machine equipped with pumps, wheels, levers and pipes in order to illustrate his price theory - see here for pictures of his draft and his first and second prototypes.
www.economyprofessor.com /theorists/irvingfisher.php   (450 words)

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