FIRST EDITION OF IRVING FISHERS BOOMS AND DEPRESSIONS IN THE RARE ORIGINAL DUST JACKET
Booms and Depressions: Some First Principles.
Item Number: 3664
New York: Adelphi Publishers, 1932.
First edition of Fisher’s classic work connecting monetary fluctuations to extreme periods of the business cycle. Octavo, original green cloth. Fine in the rare original dust jacket with some wear to the spine and a few small tears.
In this work, Fisher puts forth the theory that booms and depressions may stem from deranged money, or currency that is behaving irrationally due to various value-skewing factors such as debt, hoarding, confidence, and consumption. Fisher is widely considered to be "the father of monetary economics."