The Debt-Deflation Theory of Great Depressions by Fisher, Irving - 2011-03-29

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CreateSpace Independent Publishing Platform, 2010-06-10. Paperback. Good.

ThaiSunset Publications, 2009. First Thus. Trade Paperback. Like New. First Edition Thus, First Printing. Published by ThaiSunset Publications, 2009. Octavo. Pictorial wraps. Book is like new; clean with no writing or names. Sharp corners and spine straight. Binding tight and pages crisp. 41 pages. ISBN: 9781453624456. 100% positive feedback. 30 day money back guarantee. NEXT DAY SHIPPING! Excellent customer service. Please email with any questions or if you would like a photo. All books packed carefully and ship with free delivery confirmation/tracking. All books come with free bookmarks. Ships from Southampton, New York. We Buy Books! Individual titles, libraries, collections. Message us if you have books to sell!

1933. [Menasha, Wisconsin], The Econometric Society, 1933. Royal8vo. In a contemporary black half calf binding with gilt lettering to spine. In "Econometrica", Vol. 1, 1933. Entire volume offered. Light wear to extremities and small stamp to title-page. A fine copy. Pp. 339-357. [Entire volume: (4), 448 pp.]. First edition of Fisher's seminal work in which he introduced the concept of 'Debt deflation': a theory of economic cycles that holds that recessions and depressions are due to the overall level of debt shrinking (deflating): the credit cycle is the cause of the economic cycle.The theory was developed by Irving Fisher following the Wall Street Crash of 1929 and the ensuing Great Depression. The debt deflation theory was familiar to John Maynard Keynes prior to Fisher's discussion of it, but he found it lacking in comparison to what would become his theory of liquidity preference. The theory, however, has enjoyed a resurgence of interest since the 1980s, both in mainstream economics and in the… Read More