Irving Fisher’s Progeny and the 2008 Financial Crisis

Journal of the History of Economic Thought, Vol. 35, No. 2., pp.185-197, June 2013

University of Alberta School of Business Research Paper No. 2013-1306

15 Pages Posted: 10 Jul 2013

See all articles by Alice Orcutt Nakamura

Alice Orcutt Nakamura

University of Alberta - School of Business

Date Written: June 2013

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 U.S. financial instability are surely the most fitting possible tribute to Irving Fisher.

Suggested Citation

Nakamura, Alice Orcutt, Irving Fisher’s Progeny and the 2008 Financial Crisis (June 2013). Journal of the History of Economic Thought, Vol. 35, No. 2., pp.185-197, June 2013, University of Alberta School of Business Research Paper No. 2013-1306, Available at SSRN: https://ssrn.com/abstract=2291750

Alice Orcutt Nakamura (Contact Author)

University of Alberta - School of Business ( email )

2-32C Business Building
Edmonton, Alberta T6G 2R6
Canada

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