2011 Reprint of the 1933 edition. Following the stock market crash of 1929 and the ensuing Great Depression, Fisher developed a theory of economic crises called "debt-deflation", which rejected general equilibrium theory and attributed crises to the bursting of a credit bubble. According to the debt deflation theory, a sequence of effects of the debt bubble bursting occurs: 1. Debt liquidation and...
Paperback: 46 pages
Publisher: Martino Fine Books (March 29, 2011)
Product Dimensions: 6 x 0.1 x 9 inches
Amazon Rank: 863586
Format: PDF ePub TXT ebook
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reviews: Irving Fisher's Debt-Deflation Theory was so prescient vs what occurred 75 years later. This short book written in 1933 is more insightful about the cause of the recent financial crisis than the majority of the current books written after it.The mai...
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