Irving Fisher

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Irving Fisher

• By Sandra Madanat

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Irving Fisher

• Born February 27, 1867 in New York
• Died April 29, 1947 in New York

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Education

• Fisher attended Yale University
• Graduated with a B.A degree in 1888
• First to put Economics Math together

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Where the really work began

• Irving Fisher focuses on Monetary economics
• Helped solve the answer about the Unites States
  money value
• Appreciation and interest

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Stock Market Crash

• Stock Market Crash in 1929
• Fishers predictions
• Fisher was no longer a shining star.

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Theory of Interest

• Nature of Capital and Income (1906) and Rate of
  Interest (1907)
• Capital
• market equilibrium

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Fisher's Investment Frontier

• If we suppose that firms are owned by
  entrepreneurs, might not the investment decision
  of the firm be affected by the owner's desired
  consumption-savings decision?
• What exactly is the relationship between the
  firm's investment decision, its financing
  decision and wider financial markets?

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Fisher's Separation Theorem

• Jack Hirshleifer
• Two stage budgeting
• "loanable funds"

                                                
              
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Publications

• 1. Mathematical Investigations in the Theory of
  Value and Prices (1892, 1961)
• 2. The Nature of Capital and Income (1906, 1927)
• 3. The Purchasing Power of Money (1911, 1920)
• 4. Elementary Principles of Economics (1912)
• 5. Stabilizing the Dollar (1920)
• 6. The Making of Index Numbers (1922, 1927)
• 7. The Money Illusion (1928)
• 8. The Theory of Interest (1930, 1961)
• 9. Booms and Depressions (1932)
• 10. Inflation? (1933).

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Known as

• One of the greatest mathematical economists
• Called interest "an index of a community's
  preference for a dollar of present income over
  a dollar of future income."
• How to Live Rules for Healthful Living Based on
  Modern Science

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Bibliography

• Slide 1 Picture http//www.nndb.com/people/235/000
  115887/irving-fisher-2.jpg
• Slide 2 Picture http//mssa.libary.yale.edu/deriva
  tives/mss/212/thumb/000830.jpg
• Info http//en.wikipedia.org/wiki/Irvi
  ng_Fisher
• Slide 3 Picture http//www.antiqueathlete.com/yale
  -university-lot-of206.jpg
• Info http//en.wikipedia.org/wiki/irvi
  ng_Fisher
• Slide 4 Picture http//www.tamdistrict.org/moodle/
  mod/resource/view.php?id485
• Info http//www.answers.com/topic/irvi
  ng-fisher\
• Slide 5 Picture http//www.theinfopit.com/business
  /stockmarket.jpg Info
  http//en.wikipedia.org/wiki/Irving_Fisher
• Slide 6 Picture and Info http//cepa.newschool.ed
  u/het/essays/capital/fisherinvest.htm
• Slide 7 Picture and Info http//cepa.newschool.edu
  /het/essays/capital/fisherinvest.htm
• Slide 8 Picture and Info http//cepa.newschool.edu
  /het/essays/capital/fisherinvest.htm
• Slide 9 Picture http//cowles.econ.yale.edu/books/
  gean/images/fisher2.jpg
• Info http//www.cpm.ehime-u.ac.jp/Akama
  cHomepage/Akamac_E-text_links/Fisher.html
• Slide 10 Picture http//www.bolerium.com/bol48/ima
  ges/items/103552.jpg
• Info http//www.econlib.org/library/E
  nc/bios/Fisher.html