||76 of 78 people found the following review helpful.| One of the most insightful books about the current financial crisis was written in 1933!|By Abacus|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 main points of his|About the Author|Irving Fisher (1867-1947) was one of America’s most celebrated economists. Although not widely remembered outside of economics, within it he has increasingly become considered a giant of the profession. (Dalls Federal Reserve)
This book is for anyone interested in understanding the failure of the economic policies which are today destroying the U.S. economy and most of the world economies. The credit crunch today is not destroying capital but recognising that capital was destroyed by misallocation in the years of irrational exuberance. If that is so, then we are entering a spiral of debt deflation that will play out slowly for years to come. To understand how that works, we turn to Professor ...
[PDF.kw00] The Debt-Deflation Theory of Great Depressions Rating: 3.57 (482 Votes)
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You can specify the type of files you want, for your device.The Debt-Deflation Theory of Great Depressions | Irving Fisher. I was recommended this book by a dear friend of mine.
