Of all wealth, man himself is a species. Like his horses or his cattle, he is himself a material object, and like them, he is owned: for if slave, he is owned by another, and if free, by himself. But though human beings may be considered as wealth, human qualities, such as skill, intelligence, and inventiveness, are not wealth. Just as the hardness of steel is not wealth, but merely a quality of one particular kind of wealth,-hard steel,-so the skill of a workman is not wealth, but merely a quality of another particular kind of wealth-skilled workman. Similarly, intelligence is not wealth, but an intelligent man is wealth. -from "Chapter I: Primary Definitions" Perhaps America's first celebrated economist, Irving Fisher-for whom the Fisher equation, the Fisher hypothesis, and the Fisher separation theorem are named-staked an early claim to fame with his revival, in this 1912 book, of the "quantity theory of money." An important work of 20th-century economics, this work explores: · the circulation of money against goods · the various circulating media · the mystery of circulating credit · how a rise in prices generates a further rise · influence of foreign trade on the quantity of money · the problem of monetary reform · and much more. AUTHOR BIO: American economist IRVING FISHER (1867-1947) was professor of political economy at Yale University. Among his many books are Mathematical Investigations in the Theory of Value and Prices (1892), The Rate of Interest (1907), Why Is the Dollar Shrinking? A Study in the High Cost of Living (1914), and Booms and Depressions (1932).
Book Description
Frequently Bought Together
Editorial Reviews
About the Author
American economist IRVING FISHER (1867-1947) was professor of political economy at Yale University. Among his many books are Mathematical Investigations in the Theory of Value and Prices (1892), The Rate of Interest (1907), Why Is the Dollar Shrinking? A Study in the High Cost of Living (1914), and Booms and Depressions (1932).
Product Details
Would you like to update product info or give feedback on images?
|
Customer Reviews
|
There are no customer reviews yet.
|
|||
|
Video reviews
|
Inside This Book
(learn more)
Key Phrases - Statistically Improbable Phrases (SIPs):
(learn more)
bullion reservoir, weighted arithmetical average, currency reservoir, best index numbers, money reservoir, correlative formula, limping standard, simple arithmetical average, weighted harmonic average, tabular standard, irredeemable paper money, other depositors, deposit currency, silver monometallism, conjectural part, circulating credit, due depositors, capita trade, gold monometallism, primary money, relative circulation, silver countries, circulating media, check transactions, legal ratio Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New York, Professor Kemmerer, Professor Kinley, Bureau of Labor, Monetary Commission, Irving Fisher, Credit Instruments, Gresham's Law, Latin Union, Comptroller of the Currency, Principles of Political Economy, Quarterly Journal of Economics, Comptroller's Report, Assets Liabilities Gold, Civil War, Economic Journal, Pierre des Essars, Greenback Standard, Journal of Political Economy, Journal of the Royal Statistical Society, Senate Document, Wesley Clair Mitchell, Aldrich Report, Del Mar New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
bullion reservoir, weighted arithmetical average, currency reservoir, best index numbers, money reservoir, correlative formula, limping standard, simple arithmetical average, weighted harmonic average, tabular standard, irredeemable paper money, other depositors, deposit currency, silver monometallism, conjectural part, circulating credit, due depositors, capita trade, gold monometallism, primary money, relative circulation, silver countries, circulating media, check transactions, legal ratio Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New York, Professor Kemmerer, Professor Kinley, Bureau of Labor, Monetary Commission, Irving Fisher, Credit Instruments, Gresham's Law, Latin Union, Comptroller of the Currency, Principles of Political Economy, Quarterly Journal of Economics, Comptroller's Report, Assets Liabilities Gold, Civil War, Economic Journal, Pierre des Essars, Greenback Standard, Journal of Political Economy, Journal of the Royal Statistical Society, Senate Document, Wesley Clair Mitchell, Aldrich Report, Del Mar New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 19
books:
See all 19 books this book cites
- Investigations in Currency and Finance by William Stanley Jevons on 6 pages
- Money and the Mechanism of Exchange by W. Stanley Jevons on 6 pages
- Principles of Political Economy (Great Minds Series) by John Stuart Mill on 5 pages
- The Principles of Political Economy (Everyman's Library) by Ricardo on page 26, page 31, and page 44
- Growth of Capital (Reprints of economic classics) by Robert Giffen on page 206, and page 392
See all 19 books this book cites
Books on Related Topics
(learn more)
|
What Other Items Do Customers Buy After Viewing This Item?
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product).
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
