ECONOMIST

Irving Fisher

1867 - 1947

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Irving Fisher (February 27, 1867 – April 29, 1947) was an American economist, statistician, inventor, eugenicist and progressive social campaigner. He was one of the earliest American neoclassical economists, though his later work on debt deflation has been embraced by the post-Keynesian school. Joseph Schumpeter described him as "the greatest economist the United States has ever produced", an assessment later repeated by James Tobin and Milton Friedman. Fisher made important contributions to utility theory and general equilibrium. Read more on Wikipedia

His biography is available in different languages on Wikipedia. Irving Fisher is the 86th most popular economist (down from 62nd in 2019), the 1,371st most popular biography from United States (down from 896th in 2019) and the 25th most popular American Economist.

Irving Fisher is most famous for his theory of debt deflation. Fisher's theory is that a cycle of debt deflation begins with the over-indebtedness of some economic agents. This leads to a reduction in the demand for goods and services, which in turn leads to lower prices for these goods and services. Fisher's theory is that a cycle of debt deflation begins with the over-indebtedness of some economic agents. This leads to a reduction in the demand for goods and services, which in turn leads to lower prices for these goods and services. The reduction in prices will eventually lead to lower wages and higher unemployment. The lower wages and higher unemployment will lead to further reductions in demand, which will lead to lower prices, and so on.

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Among ECONOMISTS

Among economists, Irving Fisher ranks 86 out of 414. Before him are Oliver E. Williamson, Albert O. Hirschman, James M. Buchanan, Cornelius Castoriadis, Eugen Dühring, and William Stanley Jevons. After him are Nikolai Kondratiev, Dani Rodrik, Johann Heinrich von Thünen, Robert Reich, Henry Mintzberg, and Harry Markowitz.

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Contemporaries

Among people born in 1867, Irving Fisher ranks 35. Before him are Kurt Eisner, Percy Fawcett, Ignacy Mościcki, Hector Guimard, Vicente Blasco Ibáñez, and Alexander Parvus. After him are Sakichi Toyoda, Joseph Maria Olbrich, Edward B. Titchener, Eugen Sandow, Antti Aarne, and Martin Kutta. Among people deceased in 1947, Irving Fisher ranks 43. Before him are Reginald Innes Pocock, Pierre Janet, Josephine Bakhita, Hans Fallada, Pyotr Krasnov, and Emma Orczy. After him are Bugsy Siegel, Herbert Backe, Luigi Russolo, Hjalmar Siilasvuo, Albert Marquet, and Reynaldo Hahn.

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In United States

Among people born in United States, Irving Fisher ranks 1,371 out of 20,380. Before him are Michael Flynn (1958), Dred Scott (1795), Sarah Jessica Parker (1965), Ron Howard (1954), Ben Carson (1951), and Peter Agre (1949). After him are John Cocke (1925), Nettie Stevens (1861), John F. Kelly (1950), Wesley Snipes (1962), Richard S. Castellano (1933), and Edward Norton (1969).

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Among ECONOMISTS In United States

Among economists born in United States, Irving Fisher ranks 25. Before him are Thorstein Veblen (1857), James Tobin (1918), Robert Solow (1924), Murray Rothbard (1926), Oliver E. Williamson (1932), and James M. Buchanan (1919). After him are Robert Reich (1946), Harry Markowitz (1927), George Stigler (1911), Claudia Goldin (1946), Dale T. Mortensen (1939), and Edward C. Prescott (1940).

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