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Irving Fisher

    Irving Fisher was an American economist whose work laid the foundation for many modern economic theories. He contributed significantly to utility theory, general equilibrium, and pioneered the rigorous study of intertemporal choice in markets, leading to his theory of capital and interest rates. His research on the quantity theory of money is regarded as the inception of monetarism. Although his reputation was damaged by his stock market predictions, his later theories on debt deflation and his work on capital and interest remain influential.

    Irving Fisher
    A Brief Introduction to the Infinitesimal Calculus
    Prohibition Still at Its Worst
    Cosimo Classics: How to Live
    ELEMENTARY PRINCIPLES OF ECONOMICS
    The Nature of Capital and Income
    Mathematical Investigations in the Theory of Value and Prices, and Appreciation and Interest
    • The volume features two seminal works by Irving Fisher, a pioneer in modern finance. It explores his influential concepts, including the Fisher equation, hypothesis, and separation theorem, which have shaped economic theory. Fisher's insights into interest rates and capital markets provide a foundational understanding of financial principles that continue to resonate in contemporary economics.

      Mathematical Investigations in the Theory of Value and Prices, and Appreciation and Interest
    • ELEMENTARY PRINCIPLES OF ECONOMICS

      • 570 pages
      • 20 hours of reading

      This book delves into the intricate relationship between wealth, income, and capital, exploring how various factors influence purchasing power and monetary systems. It examines the dynamics of supply and demand, the principles governing interest rates, and the impact of impatience for income on financial decisions. Additionally, the text discusses the causes and effects of price variations, as well as the interplay between income from labor and capital. Ultimately, it provides insights into wealth distribution and its implications for welfare and societal structures.

      ELEMENTARY PRINCIPLES OF ECONOMICS
    • Cosimo Classics: How to Live

      Rules for Healthful Living Based on Modern Science

      • 384 pages
      • 14 hours of reading

      Irving Fisher's interest in public health was the result of a bout with tuberculosis, after which he wrote "How to Rules for Healthful Living Based on Modern Science". In his foreword to the book, former president and then-future Chief Justice William Howard Taft wrote that there were many "considerations that have influenced me to cooperate with the life extension movement, and to commend this volume to the earnest consideration of all who desire authoritative guidance in improving their own physical condition or in making effective the knowledge now available for bringing health and happiness to our people." To do that, the authors present chapters on the air, food, poisons, activities, and general hygiene, followed by sections dealing with being overweight or underweight, alcohol, posture, and tobacco -- and even how to avoid colds. Irving Fisher was a top American economist in the early 20th century who earned the first Ph.D. in economics awarded by Yale University, where he also taught political economy. He was an accomplished mathematician and an engaging and talented writer on even the most technical of subjects whose investigations ranged beyond economics to encompass astronomy, health and hygiene, mechanics, philosophy, poetry, science, and myriad public policy issues. Dr. Eugene Lyman Fisk was the chairman of the Life Extension Institute, under whose auspices this book was published.

      Cosimo Classics: How to Live