The Purchasing Power of Money: Its Determination and Relation to Credit Interest and Crises

Perhaps America's first celebrated economist, Irving Fisher-for whom the Fisher equation, the Fisher hypothesis, and the Fisher separation theorem are named-staked an early claim to fame with his revival, in this 1912 book, of the "quantity theory of money." An important work of 20th-century economics, this work explores: · the circulation of money against goods · the various circulating media · the mystery of circulating credit · how a rise in prices generates a further rise · influence of...