Booms and Depressions: Some First Principles.
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FIRST EDITION OF ECONOMIST IRVING FISHER’S BOOMS AND DEPRESSIONS; INSCRIBED BY HIM
Booms and Depressions: Some First Principles.
FISHER, Irving.
Item Number: 2826
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. Inscribed and dated by Irving Fisher on the front free endpaper. In near fine condition with light toning to the extremities. Housed in a custom half morocco clamshell box. Uncommon signed and inscribed.
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. Considered to be "the father of monetary economics."
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