Irving Fisher:

Length: 251 words (0.7 double-spaced pages)
Rating: Red (FREE)      
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Irving Fisher’s Analysis of the Great Depression

     
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.
I will also cover a timeline of events that include other ideas and views shared by Fisher and what affects they might have had at the time. In the early 1930’s he became an active supporter of a “stamped money plan” aimed at counteracting widespread boarding. During the New Deal he was a strong supporter of expansionary monetary measures and proposed a revision of the banking system aimed at abolishing fractional reserves, or 100% money. He devoted the remainder of his days opposing Roosevelt’s labor and industrial policies, and really any intervention by the government on economic activity, disregarding the control on money supply.

Resources
1.     Irving Fisher “A Biography of the writings of Irving Fisher” New Haven. Yale University Library 1961
2.     Irving Fisher “Debt-Deflation Theory of the Great Depression” ECONOMETRICA Vol.1 (October 1933) pp. 337-357.
3.     Irving Fisher “100% Money” New York, Adelphi Company 1936

How to Cite this Page

MLA Citation:
"Irving Fisher." 123HelpMe.com. 09 Feb 2010
    <http://www.123HelpMe.com/view.asp?id=72100>.

Search for:
[The Giver]   [The Client]   [Nicola]  

Important Note: If you'd like to save a copy of the paper on your computer, you can COPY and PASTE it into your word processor. Please, follow these steps to do that in Windows: 1. Select the text of the paper with the mouse and press Ctrl+C. 2. Open your word processor and press Ctrl+V. Company's Liability 123HelpMe.com (the "Web Site") is produced by the "Company". The contents of this Web Site, such as text, graphics, images, audio, video and all other material ("Material"), are protected by copyright under both United States and foreign laws. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Material or about the results to be obtained from using the Material. You expressly agree that any use of the Material is entirely at your own risk. Most of the Material on the Web Site is provided and maintained by third parties. This third party Material may not be screened by the Company prior to its inclusion on the Web Site. You expressly agree that the Company is not liable or responsible for any defamatory, offensive, or illegal conduct of other subscribers or third parties. The Materials are provided on an as-is basis without warranty express or implied. The Company and its suppliers and affiliates disclaim all warranties, including the warranty of non-infringement of proprietary or third party rights, and the warranty of fitness for a particular purpose. The Company and its suppliers make no warranties as to the accuracy, reliability, completeness, or timeliness of the material, services, text, graphics and links. For a complete statement of the Terms of Service, please see our website. By obtaining these materials you agree to abide by the terms herein, by our Terms of Service as posted on the website and any and all alterations, revisions and amendments thereto.