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.
The Making of Index Numbers is a seminal work in the field of economics. Written by Irving Fisher, the book provides a comprehensive analysis of index numbers and their applications in economic analysis.
In this book, economist Irving Fisher argues that the United States is wasting its natural resources and that this will have negative consequences for the nation's future. He advocates for the conservation of resources and the development of new technologies to achieve sustainable growth and prosperity.