Fisher, I (1867.2.27-1947.4.29)
Birthplace Saugetties, New York, USA.
Post Held Teacher Maths., Prof. Econ., Yale Univ., 1892-5, 1895-1935; Businessman, derectorships, including Remington Rand, 1926-47.
Degrees BA, PhD Yale Univ., 1898, 1891.
Offices and Honours Prs., American Statistical Association, Internat. Em Soc, Nat. Inst. Social Sciences, Amer. Assoc. Labor Legislation, and active in a host of other societies.
Publications Books: 1. Mathematical Investigations in the Theory of Value and Prices (1892, 1961); 2. The Nature of Capital and Income (1906, 1927); 3. The Purchasing Power of Money (1911, 1920); 4. Elementary Principles of Economics (1912); 5. Stabilizing the Dollar (1920); 6. The Making of Index Numbers (1922, 1927); 7. The Money Illusion (1928); 8. The Theory of Interest (1930, 1961); 9. Booms and Depressions (1932); 10. Inflation? (1933).
Career One of the greatest, if not the greatest, and certainly one of the most colourful American economists. A writer and teacher of prodigious scope and output, whose business career included the earning of a fortune from the invention of a visible card index system. He campaigned for a great number of causes, including world peace, prohibition, preventive medicine, eugenics, and 100 per cent deposit reserve money. His works are distinguished by their unusual clarity of exposition and contain major contributions to mathematical economics, the theory of value and priced, capital theory, moneytary theory, and statistics. The now familiar distinction between stocks and flows in almost entirely due to his brilliant book on The Nature of Capital and Income. His ability in theoretical work was allied to a deep concern with the observation of facts: the Fisher 'ideal index' of prices is only one of his contributions to statistics.
Secondary Literature J. A. Schumpeter, `Irving Fisher 1867-1947', in Ten great Economists from Marx to Keynes (OUP, 1948); M. Allais, `Fisher, Irving', International Encyclopedia of the Social Sciences , D. L. Sills (ed.) (Macmillan and Free Press, 1968), vol. 5.
Precedents for Defining Capital (socsci.mcmaster.ca) Quarterly Journal of Economics, volume 18
Precedents for Defining Capital (ecn.bris.ac.uk) Quarterly Journal of Economics, volume 18
Precedents for Defining Capital (unimelb.edu.au) Quarterly Journal of Economics, volume 18
Is "Utility" the Most Suitable Term for the Concept It is Used to Denote? (socsci.mcmaster.ca) American Economic Review, volume 8, 1918
Is "Utility" the Most Suitable Term for the Concept It is Used to Denote? (ecn.bris.ac.uk) American Economic Review, volume 8, 1918
Is "Utility" the Most Suitable Term for the Concept It is Used to Denote? (unimelb.edu.au) American Economic Review, volume 8, 1918
Go back to Akamac E-text Links