Article 8: One Hundred Years from Today - Irving Fisher’s Rate of Interest
| Publikasjonstype: | Article |
| Sitteringsnøkkel: | |
| Journal: | History of Economics Review |
| Årgang: | 46 |
| Nummer: | Summer |
| År: | 2007 |
| Sider: | 136-150 |
| ISSN: | 1037-0196 |
| Sammendrag: | When they look back on the twentieth century, historians of thought will surely rank Irving Fisher as one of the major contributors to economic theory. Samuelson (1967) described Fisher as America’s greatest analytical economist and Tobin (1987, p. 369) acknowledges that Fisher is widely regarded as the greatest economist America has produced. Certainly, Fisher’s analytical techniques presented in The Rate of Interest (1907)1 and later in The Theory of Interest (1930) still permeate all corners of neoclassical economics as taught in economics departments around the world. Fisher provides the common thread that links Eugen von Böhm-Bawerk’s Capital and Interest: A History and Critique of Interest Theories (1884) through Frank Knight, Paul Samuelson, Milton Friedman and Robert Solow to contemporary textbooks such as Lectures in Macroeconomics by Blanchard and Fischer (1989), Intertemporal Macroeconomics by Azariadis (1993), Foundations of International Macroeconomics by Obstfeld and Rogoff (1996) or Advanced Macroeconomics by Romer (2006). |
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