Quote of the day
The Constitution was the expression not only of a political faith, but also of political fears. It was wrought both as the organ of the national interest and as the bulwark of certain individual and local rights.
Irving Fisher
Born: February 27, 1867
Died: April 29, 1947 (aged 80)
Bio: Irving Fisher was an American economist, statistician, inventor, 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.
Known for:
- The Theory of Interest
- The Nature of Capital and Income (1906)
- Booms and depressions (1932)
- Elementary principles of economics (1911)