Titlebook: Irving Fisher; Robert W. Dimand Book 2019 The Editor(s) (if applicable) and The Author(s) 2019 Indifference Curves.Hydraulic Model of Gene

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Indifference Curves and a Hydraulic Model of General Equilibrium,endently reinvented general equilibrium analysis before Fisher read Walras or Edgeworth (hence Robert Dorfman’s view that the thesis should have been rejected for unnecessary duplication of existing literature) but also introduced ordinal utility and indifference curves and constructed a hydraulic m

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The Fisher Diagram and the Neoclassical Theory of Interest and Capital, theory of interest and capital in . (1906) and . (1907) (later combined as ., 1930), emphasizing the time pattern of expected income, the concept of present discounted value, and the role of the interest rate in equilibrating investment and saving, balancing impatience to spend with opportunity to

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,Hubris, Nemesis, and Analysis: “Stock Prices Appear to Have Reached a Permanently High Plateau”,ion, which in the words of John Kenneth Galbraith was “a sizeable sum, even for an economics professor.” Arguing correctly that fluctuations in the purchasing power of money meant that money was not a riskless asset, and that the mistaken perception that government bonds were thus riskless assets un

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,Fisher’s Legacy in Economics,arket debacle and from the impact of Keynesian macroeconomics, but his importance as the outstanding American economic scientist of the first half of the twentieth century came to be recognized through the advocacy of, among others, Maurice Allais, Milton Friedman, Hyman Minsky, Paul Samuelson, and