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IRVING FISHER’S PROGENY AND THE 2008 FINANCIAL CRISIS

Published online by Cambridge University Press:  10 May 2013

ALICE ORCUTT NAKAMURA
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Abstract

Irving Fisher believed in evidence-based decision making. This paper considers how three aspects of Fisher’s methodology could be useful now in the quest to deal with U.S. financial instability: (1) his institutional approach; (2) his efforts to use index number theory as a means to improve official statistics data; and (3) his interest in automating aspects of data analyses. The paper concludes with a call to action for Fisher’s progeny. Actions to solve US financial instability are surely the most fitting possible tribute to Irving Fisher.

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Articles
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Journal of the History of Economic Thought , Volume 35 , Issue 2 , June 2013 , pp. 185 - 197
Copyright
Copyright © The History of Economics Society 2013 

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References

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