INVESTIGATING THE “DEBT–MONEY–PRICES” TRIANGLE: IRVING FISHER’S THEORETICAL JOURNEY TOWARD THE 100% MONEY PROPOSAL

IF 1.2 3区经济学 Q1 HISTORY

Journal of the History of Economic Thought Pub Date : 2023-08-10 DOI:10.1017/s1053837223000196

Samuel Demeulemeester

引用次数: 0

Abstract

This paper aims to show how the 100% money proposal, which Irving Fisher came to support in 1935, connects to the rest of his work on monetary instability—in particular, to his credit cycle analysis of 1911 and his debt-deflation theory of 1932–33. Behind these respective analyses, we identify a common explanatory pattern of monetary fluctuations, the “debt–money–prices” triangle, which we use to show how Fisher’s explanations evolved over time, and how his advocacy of 100% money came as a logical conclusion.

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债务-货币-价格三角模型研究&欧文·费雪迈向100%货币方案的理论之旅

本文旨在展示Irving Fisher于1935年支持的100%货币提案如何与他关于货币不稳定的其他工作联系起来，特别是与他1911年的信贷周期分析和1932-33年的债务通缩理论联系起来。在这些各自的分析背后，我们确定了货币波动的一个常见解释模式，即“债务-货币-价格”三角，我们用它来展示费舍尔的解释是如何随着时间的推移而演变的，以及他对100%货币的主张是如何得出合乎逻辑的结论的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of the History of Economic Thought Multiple-

CiteScore

1.30

自引率

22.20%

发文量

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