The purchasing power of money: its determination and relation to credit, interest and crises (Google eBook)

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The Macmillan Company, 1911 - Money - 515 pages
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Page 60 - Deposit currency (M') expands relatively to money (M). (5) Prices continue to rise, that is, phenomenon No. 1 is repeated. Then No. 2 is repeated, and so on.
Page 72 - For when prices are likely to rise, people rush to borrow money and buy goods, and thus help prices to rise ; business is inflated, it is managed recklessly and wastefully ; those working on borrowed capital pay back less real value than they borrowed, and enrich themselves at the expense of the community.
Page 56 - ... in the last chapter. These permanent or ultimate effects follow after a new equilibrium is established, — if, indeed, such a condition as equilibrium may be said ever to be established.
Page 41 - To put it crudely, / banking is a device for coining into dollars land, stoves, / / and other wealth not otherwise generally exchangeable.
Page 157 - We may now restate, then, in what causal sense the quantity theory is true. It is true in the sense that one of the normal effects of an increase in the quantity of money is an exactly proportional increase in the general level of prices.
Page 177 - ... to be laid on the fact that "demand at a price" and "supply at a price" are still incomplete designations, and that to give them meaning it is necessary to add "at a price level." The demand for sugar is not only relative to the price of sugar, but also to the general level of other things. . . . The price of sugar in dollars depends partly on sugar and partly on dollars, that is, on what dollars will buy- that is, on the price level. ... We have more need to study the price level preparatory...
Page 149 - THE chief purpose of the foregoing chapters is to set forth the causes determining the purchasing power of money. This purchasing power has been studied as the effect of five, and only five, groups of causes. The five groups are money, deposits, their velocities of circulation, and the volume of trade. These and their effects, prices, we saw to be connected by an equation called the equation of exchange, M V+ M'V = 2pQ.
Page 50 - This would be true if circulating credit were independent of money. But the fact is that the quantity of circulating credit, M', tends to hold a definite relation to M , the quantity of money in circulation; that is, deposits are normally a more or less definite multiple of money.
Page 167 - It seems to be a fact that, at a given price level, the greater a man's expenditures the more rapid his turnover; that is, the rich have a higher rate of turnover than the poor. They spend money faster, not only absolutely but relatively to the money they keep on hand. . . . We may therefore infer that, if a nation grows richer per capita, the velocity of circulation of money will increase. This proposition of course, has no reference to nominal increase of expenditure" (The Purchasing Power of Money...
Page vii - Preface to the First Edition The purpose of this book is to describe the causes and development of the Second Cold War. It is therefore about the 'making...

References from web pages

Fisher, The Purchasing Power of Money, Front Matter: Library of ...
Title: The Purchasing Power of Money: Its Determination and Relation to Credit, Interest, and Crises. Assisted by: Harry G. Brown (Instructor in Political ...
www.econlib.org/ LIBRARY/ YPDBooks/ Fisher/ fshPPM0.html

JSTOR: The Purchasing Power of Money: Its Determination and ...
Money, Prices, Credit, and Banking The Purchasing Power of Money: Its Determination and Relation to Credit, Interest and Crises. ...
links.jstor.org/ sici?sici=0002-8282(191109)1%3A3%3C594%3ATPPOMI%3E2.0.CO%3B2-T

1914.] THE PRICE LEVEL. The Purchasing Power of Money. Its ...
1914.] THE PRICE LEVEL. 377. THE PRICE LEVEL. The Purchasing Power of Money. Its Determination and. Relation to Credit, Interest and Crises. By ...
projecteuclid.org/ DPubS/ Repository/ 1.0/ Disseminate?handle=euclid.bams/ 1183422715& view=body& content-type=pdf_1

The Purchasing Power of Money (work by Fisher) -- Britannica ...
Already a member? LOGIN. Encyclopædia Britannica - the Online Encyclopedia. Home | Blog | Advocacy | Board | Newsletters | International | Store | Free ...
www.britannica.com/ eb/ topic-483827/ The-Purchasing-Power-of-Money

Scientific Books: The Purchasing Power of Money; Its Determination ...
Scientific Books: The Purchasing Power of Money; Its Determination and Relation to Credit, Interest and Crises. Book Authors: Fisher, Irving. Review Author: ...
adsabs.harvard.edu/ abs/ 1913Sci....37..758F

Economics Interactive
Irving Fisher, the premier American economist of the early twentieth century, earned the first Ph.D. in Economics ever awarded by Yale, where he taught ...
www.unc.edu/ depts/ econ/ byrns_web/ EC434/ HET/ Notables/ fisher.htm

Celebrating Irving Fisher: the legacy of a great economist ...
Celebrating Irving Fisher: the legacy of a great economist from American Journal of Economics and Sociology, The in News provided free by Find Articles
findarticles.com/ p/ articles/ mi_m0254/ is_1_64/ ai_n13798782/ pg_3

NOVEL SUGGESTION TO CURB THE HIGH COST OF LIVING; Prof. Irvin ...
IT is a commonplace of modern commerce that without leaving his chair a merchant may buy and sell in any of the world's leading markets, and may know on the ...
query.nytimes.com/ gst/ abstract.html?res=F60815F73A5813738DDDAE0894D9405B828DF1D3

Fisher, Irving - Hutchinson encyclopedia article about Fisher, Irving
Hutchinson encyclopedia article about Fisher, Irving. Fisher, Irving. Information about Fisher, Irving in the Hutchinson encyclopedia
encyclopedia.farlex.com/ Fisher,+Irving

Blackwell Publishing Ltd Oxford, UK SAJE South African Journal of ...
Blackwell Publishing Ltd Oxford, UK SAJE South African Journal of Economics 0038-2280 1964 Economic Society of South Africa December 1964 32 4 237 252 16 ...
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