TY  - EJOUR
A1  - Vila, Adrien
TI  - From Compensated Dollar to 100% Money - Irving Fisher's Answer to the 1929 Crisis
T2  - Revue d'histoire de la pensée économique 2019 – 2, n° 8. varia
JO  - Revue d'histoire de la pensée économique (ISSN 2495-8670), 8, 2019 – 2
DO  - 10.15122/isbn.978-2-406-09845-4.p.0081
SN  - 2495-8670
SP  - 81
EP  - 107
AB  - In this paper, we examine the factors internal to Fisher's thinking that explain why, after the 1929 crash, he developed the 100% Money (1935) at the expense of the compensated dollar. Our interpretation challenges Friedman and Schwartz's (1970) assumption that Fisher includes deposits in his definition of money and would then consider necessary a credit control policy. In our opinion, it is not the nature of bank credit that changes for Fisher, but its role in triggering and spreading crises.
PY  - 2019
DA  - 2019/12/24
DP  - Classiques Garnier
PB  - Classiques Garnier
CY  - Paris
KW  - Irving Fisher, macroeconomics instability, credit, money creation
LA  - fre
UR  - https://classiques-garnier.com/revue-d-histoire-de-la-pensee-economique-2019-2-n-8-varia-from-compensated-dollar-to-100-money.html
Y2  - 2024/05/22
ER  -