The Purchasing Power of Money: Its Determination and Relation to Credit, Interest, and Crises is a book written by Irving Fisher. The book explores the concept of purchasing power, which is the ability of money to buy goods and services. Fisher explains how the purchasing power of money is determined by various economic factors such as supply and demand, inflation, and deflation. In addition, Fisher discusses the relationship between money, credit, interest rates, and economic crises. He argues that fluctuations in the ...
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The Purchasing Power of Money: Its Determination and Relation to Credit, Interest, and Crises is a book written by Irving Fisher. The book explores the concept of purchasing power, which is the ability of money to buy goods and services. Fisher explains how the purchasing power of money is determined by various economic factors such as supply and demand, inflation, and deflation. In addition, Fisher discusses the relationship between money, credit, interest rates, and economic crises. He argues that fluctuations in the purchasing power of money can lead to economic instability and crises, and that the use of credit can exacerbate these problems. The book is considered a classic in the field of economics and is widely regarded as one of the most important works on monetary theory. It has been influential in shaping economic policy and has been cited by numerous economists and policymakers over the years. Overall, The Purchasing Power of Money is a comprehensive and insightful analysis of the role of money in the economy and the factors that determine its value. It is essential reading for anyone interested in understanding the workings of the modern economy.An Extremely Interesting Historical Account Of Money And Its Purchasing Power.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
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