Irving Fisher and the 100 Percent Reserve Proposal

  title={Irving Fisher and the 100 Percent Reserve Proposal},
  author={William Rodney Allen},
  journal={The Journal of Law and Economics},
  pages={703 - 717}
  • W. Allen
  • Published 1 October 1993
  • Economics, History
  • The Journal of Law and Economics
IRVING Fisher was the leading American economist of his generationand perhaps of all generations through our own. In summer 1929, he added final touches to the manuscript of his magnum opus, The Theory of Interest. The next few weeks saw the stock market crash and the onset of the Great Depression. Fisher's consummate scholarship over more than a third of a century had not precluded substantial attention to and activity in matters of economic and political policy, along with accumulation of a… 
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