The Debt-Deflation Theory of Great Depressions, Brand New, Free shipping in t...
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Item specifics
- Condition
- ISBN
- 9781614270102
- Book Title
- Debt-Deflation Theory of Great Depressions
- Publisher
- Martino FINE Books
- Item Length
- 9 in
- Publication Year
- 2011
- Format
- Trade Paperback
- Language
- English
- Item Height
- 0.1 in
- Genre
- Business & Economics, History
- Topic
- United States / 20th Century, Econometrics, Economics / Theory, Money & Monetary Policy
- Item Weight
- 2.9 Oz
- Item Width
- 6 in
- Number of Pages
- 46 Pages
About this product
Product Identifiers
Publisher
Martino FINE Books
ISBN-10
1614270104
ISBN-13
9781614270102
eBay Product ID (ePID)
121323563
Product Key Features
Book Title
Debt-Deflation Theory of Great Depressions
Number of Pages
46 Pages
Language
English
Publication Year
2011
Topic
United States / 20th Century, Econometrics, Economics / Theory, Money & Monetary Policy
Genre
Business & Economics, History
Format
Trade Paperback
Dimensions
Item Height
0.1 in
Item Weight
2.9 Oz
Item Length
9 in
Item Width
6 in
Additional Product Features
TitleLeading
The
Synopsis
2011 Reprint of the 1933 edition. Following the stock market crash of 1929 and the ensuing Great Depression, Fisher developed a theory of economic crises called "debt-deflation", which rejected general equilibrium theory and attributed crises to the bursting of a credit bubble. According to the debt deflation theory, a sequence of effects of the debt bubble bursting occurs: 1. Debt liquidation and distress selling. 2. Contraction of the money supply as bank loans are paid off. 3. A fall in the level of asset prices. 4. A still greater fall in the net worth of businesses, precipitating bankruptcies. 5. A fall in profits. 6. A reduction in output, in trade and in employment. 7. Pessimism and loss of confidence. 8. Hoarding of money. 9. A fall in nominal interest rates and a rise in deflation adjusted interest rates. This theory was ignored in favor of Keynesian economics, partly due to the damage to Fisher's reputation from his overly optimistic attitude prior to the crash, but has experienced a revival of mainstream interest since the 1980s, particularly since the Late-2000s recession, and is now a main theory with which he is popularly associated.
Item description from the seller
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- l***1 (1462)- Feedback left by buyer.Past 6 monthsVerified purchaseGreat seller; book exactly as described in mint condition sold at a reasonable price; seller shipped item FAST, FREE and with tracking information, a must nowadays; seller shipped in tight, cardboard mailing envelope, which tightly fit over the book, preventing damage in shipment; good communication too; rate seller 10+++++Cuentos de La Habana Elegante, Brand New, Free shipping in the US (#364594098367)
- r***k (213)- Feedback left by buyer.Past 6 monthsVerified purchase100% as described and pictured. Book was well-packed and shipped out in a reasonable time. Arrived in perfect condition. Good communication with seller. I recommend seller Great Book Prices Store and will not hesitate to purchase from them again in the future. Smooth transaction. 5 stars. Thanks.Lockheed Tristar : The Most Technologically Advanced Commercial Jet of Its Ti... (#363819497189)
- -***l (4001)- Feedback left by buyer.Past 6 monthsVerified purchasea really great book and nice looking 🤩; just wanted this paperback 🙂; just as described...brand new and crisp pages 😀; thanks for the fantastic price; packaged very well and with care; with plastic wrapping but wrapped extra tight; ensuring no damages and book arrived in perfect condition 💯; fast shipping; seamless transaction all around 👏; outstanding quality of customer service and an A+ seller 😎; thanks 😊
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