After Reflation, What?

FISHER, Irving.

Item Number: 4474

New York: Adelphi Company, 1933.

First edition. Octavo, original cloth. Inscribed by the author on the front free endpaper, “To Dr. J.A. Vandellos with the compliments and esteem of Irving Fisher December, 1933.” In good condition, with some foxing to the page edges and wear to the binding.

"The theory was developed by Irving Fisher following the Wall Street Crash of 1929 and the ensuing Great Depression. The debt deflation theory was familiar to John Maynard Keynes prior to Fisher's discussion of it but he found it lacking in comparison to what would become his theory of liquidity preference" (Pilkington).