Talk:Irving Fisher

Rolodex?

Who invented the Rolodex? This page says Irving Fisher, but Arnold Neustadter states that Neustadter invented the Rolodex. —The preceding unsigned comment was added by 24.118.117.0 (talk • contribs) .

Kardex is not same as Rolodex — Preceding unsigned comment added by 96.241.26.8 (talk) 05:31, 25 February 2016 (UTC)

Caught in the Crash

isn't this the guy who predicted that the stocks had reached a plauteau just before the crash? where's that? —Preceding unsigned comment added by 213.5.28.153 (talk • contribs)

Well, he did strongly suggest that the economy as whole had achieved a new, higher base level. And he lost Big Bucks in the crash. —SlamDiego_←T 15:46, 21 July 2007 (UTC)

Fisher, Eugen von Böhm-Bawerk, and time preference

Fisher's theory was a formalization and simplification of the work of Eugen von Böhm-Bawerk — and Fisher largely acknowledged as much. The notion that time preference has some significance long predates either man. Fisher himself did not see how to integrate time preference into his formalization — the 45° line is the axis of symmetry for his indifference curve. It was Hans Mayer (a protégé of Friedrich von Wieser) who noted that Fisher's model could be made to accommodate time-preference by changing that. —SlamDiego_←T 05:19, 15 July 2007 (UTC)

Personal ideals

This sounds like Progressive Fascism, no? —Preceding unsigned comment added by 64.222.149.167 (talk) 15:31, 30 April 2008 (UTC)

fisher not freidmann

To equate Fisher with Friedman and the cold water school is unfair to both. Neither Fisher not Minsky would claim to be Friedemanites and i wonder whether Friedmann would claim to be a fan of either. —Preceding unsigned comment added by 58.169.11.138 (talk) 04:38, 5 April 2010 (UTC)

Quote confusion

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Tobin (1985) argues the intellectual breakthroughs that mark the neoclassical revolution in economic analysis occurred in Europe around 1870. The next two decades witnessed lively debates in which the new theory more or less absorbed or was absorbed in the classical tradition that preceded and provoked it.<ref>James Tobin, "Neoclassical Theory in America: J. B. Clark and Fisher" American Economic Review (December 1985) vol 75#6 pp 28-38</ref> In the 1890s, according to Joseph A. Schumpeter<ref>Schumpeter, A History of Economic Analysis (1954), p. 754</ref> there emerged

"A large expanse of common ground and ... a feeling of repose, both of which created, in the superficial observer, an impression of finality -- the finality of a Greek temple that spreads its perfect lines against a cloudless sky. Of course, Tobin argues, the temple was by no means complete. Its building and decoration continue to this day, even while its faithful throngs worship within. American economists were not present at the creation. To a considerable extent they built their own edifice independently, designing some new architecture in the process. They participated actively in the international controversies and syntheses of the period 1870-1914. At least two Americans were prominent builders of the "temple," John Bates Clark and Irving Fisher. They and others brought neoclassical theory into American journals, classrooms, and textbooks, and its analytical tools into the kits of researchers and practitioners. Eventually, for better or worse, their paradigm would dominate economic science in this country."

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This appears to have a 1954 work citing a 1985 work.... Rich Farmbrough, 19:39, 3 March 2011 (UTC).

I stumbled over this, too, and resolved to change the text. The quotation was from Tobin's paper from 1985; Tobin quotes Schumpeter's comparison (1954) of the "common ground" reached in the 1890s with a Greek temple. This comparison, however, contributes less to a view of Fisher than what Tobin writes about Fisher's doctoral thesis on p. 32. Hence, I included that but left out the Greek temple. CStreiss (talk) 23:26, 24 May 2021 (UTC)

math equality symbols wrong

the expression relating real and nominal interest rate looks like it has the approximately equals sign in wrong place. It would make more sense if it said r ≈ 2nd expression= 3rd expression. This not a matter of economics but algebra! (Unless Fisher also made this error in which case you could add "[sic]")Adokian (talk) 02:30, 13 February 2013 (UTC)

I'm pretty sure that it's fine, if the rates are understood to be per year (or some other finite period), as is usually the case in economics. After a year in the bank, an amount of money M becomes M*(1+i), where i is the nominal interest rate. You can also write this as M*(1+r)*(1+p), where r is the real interest rate and p is the rate of inflation. Then you get the first equality for r. It reduces to i - p when p is small, or if the rates are measured instantaneously (something that probably only a mathematicians would do). - Eb.hoop (talk) 03:14, 13 February 2013 (UTC)

Views on prohibition

The section on social campaigns says that Irving Fisher supported the Prohibition movement. However, he wrote in the preface of his book _Prohibition at its Worst_ that this view changed:

"[This book] embodies the notes which I have been collecting on the alcohol problem for twenty years - during which time I have radically changed my attitude toward Prohibition."

The relevant excerpt is here: http://babel.hathitrust.org/cgi/pt?id=uc1.b4389987;view=1up;seq=11

Can someone fix that section to clarify what his initial and final opinions were, and how/when/why they changed? — Preceding unsigned comment added by 128.239.208.55 (talk) 23:39, 2 August 2015 (UTC)

Fisher Equation

(1+i)/(1+π)-1≃i-π

1+i-1-π≃(i-π)*(1+π)

i-π≃(i-π)*(1+π)

1≃1+π

0≃π

However, 0 is not equal to π, and it dosen`t even come close. 20:47, 16 July 2016 (UTC)20:47, 16 July 2016 (UTC)20:47, 16 July 2016 (UTC)20:47, 16 July 2016 (UTC)20:47, 16 July 2016 (UTC)20:47, 16 July 2016 (UTC)20:47, 16 July 2016 (UTC)20:47, 16 July 2016 (UTC) — Preceding unsigned comment added by 32ieww (talk • contribs)

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"Debt-Deflation".

The Credit Bubble of the late 1920s, which bust in 1929, was caused by the policy of expanding the Credit Money supply in order to keep the "price level stable" - this policy of trying to keep the Dollar "stable" in terms of a "price level" (measured by an index of goods and services sold), rather than letting prices fall as production rose, was the very policy Irving Fisher had recommended - it was carried out by Benjamin Strong of the New York Federal Reserve, but it was mae intellectually respectable by Irving Fisher. In short Fisher was responsible for the creation of the Credit Bubble that he later complained about. Irving Fisher failed to grasp that as production rose prices should be allowed to gradually fall - he insisted on expanding the money supply in order to try and keep the "price level" (measured by some index) "stable" - in his desire for a "stable Dollar". In short Fisher not only failed to predict the bust of 1929 - he was actually responsible for the Credit Bubble "boom" that led to the bust of 1929.2A02:C7D:B41D:C800:4C09:5F68:4237:9E5C (talk) 12:32, 20 December 2019 (UTC)

Source? SPECIFICO talk 16:03, 8 April 2021 (UTC)

Violates Wikipedia's verifiability policy

Greetings Wikipedians! I commend all the contributors for their efforts. But sadly, this article lacks inline citations to reliable, verifiable sources. For example, see the Monetary Economics section, where I've flagged a number of statements. There are plenty of examples in other sections. This violates Wikipedia's policy on verifiability (set forth here: Wikipedia policy on verifiability), which states: "Even if you are sure something is true, it must be verifiable before you can add it....The burden to demonstrate verifiability lies with the editor who adds or restores material, and it is satisfied by providing an inline citation to a reliable source that directly supports the contribution." I hope someone will step forward to remedy this problem. Unsourced material is subject to being removed. My qualifications for this subject, such as they are, are set forth in my user profile. Cordially, BuzzWeiser196 (talk) 13:39, 8 April 2021 (UTC)