Irving Fisher's self-stabilizing money

Article Abstract:

Irving Fisher's policy for defining a self-stabilized monetary unit requires a resource with a steady purchasing power. This is impractical because the resource underlying the monetary unit is limited to securities and to standardized metals and other commodities. In Fisher's policy, price level is determined by first quoting prices in a unit of value. This unit of value is defined as the x(sub t) units of resource y.

Economic Views, Research, Economic policy, Price control, Price regulations

---

Irving Fisher: modern behavioral economist

Article Abstract:

Irving Fisher's 'Money Illusion' in 1928 and 'The Theory of Interest' in 1930 are two examples of his contributions as a founder of modern behavioral economics. Modern behavioral economists utilize rational choice in developing market equilibria and economic decision-making theories. They analyze individual behavior data and use them, together with other information from social scientists, in their work.

Research and Development in the Social Sciences and Humanities, Economists

---

Similar abstracts:

• Abstracts: Is there a core of usable macroeconomics? One little piece of Irving Fisher. Is there a core of usable macroeconomics we should all believe in?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.