The Debt-Deflation Theory of Great Depressions by Irving Fisher

The Debt-Deflation Theory of Great Depressions

Irving Fisher

46 pages first pub 1933 (editions)

economics challenging informative medium-paced
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2011 Reprint of the 1933 edition. Following the stock market crash of 1929 and the ensuing Great Depression, Fisher developed a theory of economic crises called "debt-deflation", which rejected general equilibrium theory and attributed crises to t...

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