Available Copies from Independent Booksellers
Price: US$500.00 + shipping
Description: Handsomely bound in finely woven navy blue cloth stamped in blue-green ink on the front boards and on the spine. Very clean and tight throughout with a previous owner's name written in ink vertically on the front endpaper stamped discretely on the top edges. A collectible copy of this pre-Keynesian classic. Irving Fisher (1867 1947) 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. Joseph Schumpeter described him as "the greatest economist the United States has ever produced", an assessment later repeated by James Tobin and Milton Friedman. Fisher made important contributions to utility theory and general equilibrium. He was also a pioneer in the rigorous study of intertemporal choice in markets, which led him to develop a theory of capital and interest rates. His research on the quantity theory of money inaugurated the school of macroeconomic thought known as "monetarism." Fisher was also a pioneer of econometrics, including the development of index numbers. Some concepts named after him include the Fisher equation, the Fisher hypothesis, the international Fisher effect, the Fisher separation theorem and Fisher market. Fisher was perhaps the first celebrity economist, but his reputation during his lifetime was irreparably harmed by his public statements, just prior to the Wall Street Crash of 1929, claiming that the stock market had reached "a permanently high plateau". His subsequent theory of debt deflation as an explanation of the Great Depression, as well as his advocacy of full-reserve banking and alternative currencies, were largely ignored in favor of the work of John Maynard Keynes. Fisher's reputation has since recovered in neoclassical economics, particularly after his work was rediscovered in the late 1950s, and more widely due to an increased interest in debt deflation after the late-2000s recession. Having made numerous contributions to economic theory, he later became the foremost proponent of the full-reserve banking reform until his death. He was one of the authors of A Program for Monetary Reform where the general concepts of 100% reserve system is outlined. Fisher is probably best remembered today in neoclassical economics for his theory of capital,investment, and interest rates, first exposited in his The Nature of Capital and Income (1906) and elaborated on in The Rate of Interest (1907). His 1930 treatise, The Theory of Interest, summed up a lifetime's research into capital, capital budgeting, credit markets, and the factors (including inflation) that determine interest rates. Fisher saw that subjective economic value is not only a function of the amount of goods and services owned or exchanged, but also of the moment in time when they are purchased with money. A good available now has a different value than the same good available at a later date; value has a time as well as a quantity dimension. The relative price of goods available at a future date, in terms of goods sacrificed now, is measured by the interest rate. Fisher made free use of the standard diagrams used to teach undergraduate economics, but labeled the axes "consumption now" and "consumption next period" (instead of the usual schematic alternatives of "apples" and "oranges"). The resulting theory, one of considerable power and insight, was presented in detail in The Theory of Interest. (Wikipedia) First Edition with matching dates of 1930 on the title and copyright pages; with "Published March, 1930" on the copyright page.
Seller: Brainerd Phillipson Rare Books, Holliston, MA, U.S.A.
Fisher, Irving. The stock market crash - and after. Macmillan, New York, 1930.
Price: US$780.00 + shipping
Condition: Good
Description: xxvi, 286p.
Seller: Yushodo Co., Ltd., Fuefuki-shi, Yamanashi Pref., Japan
Fisher, Irving. The Stock Market Crash. MacMillan, New York, 1930.
Price: US$1100.00 + shipping
Condition: Near Fine
Description: A near fine first edition of the first major work of economic analysis of the 1929 stock market crash. Published in 1930, a seminal work on the recent stock market crash, its analysis has stood the test of time, even though it was written immediately after the crash. With the ownership signature of the prominent history professor at the University of Texas, Charles W. Ramsdell, known as the Dean of Southern Historians. Housed in a custom-made slipcase.
Seller: Bookbid, Beverly Hills, CA, U.S.A.
Fisher, Irving. The Stock Market Crash - And After. The Macmillan Company, New York, 1930.
Price: US$1250.00 + shipping
Condition: Near Fine
Description: Octavo, xxvi, [2], 286pp. Red cloth, title stamped in gilt. Short tear to top edge of spine, some faint discoloration of endpapers. Solid text block, free of any marks or notations. Publication statement on copyright page, noting "Published February, 1930." Complete with all 25 graphs. Irving Fisher (1867-1947) was one of America's foremost mathematical economists and economic writers. Nine days before the market crash of 1929, Fisher predicted that stock prices had "reached what looks like a permanently high plateau." Shortly after the crash, he believed the market was "only shaking out of the lunatic fringe." He lost a lot of credibility during the Great Depression of the 1930s, but his ideas found new life in the 1980s, with the changing theories of public and government debt.
Seller: The First Edition Rare Books, LLC, Cincinnati, OH, U.S.A.
Fisher, Irving. The Stock Market Crash and After. MACMILLAN, NEW YORK, 1930.
Price: US$3000.00 + shipping
Condition: Very Good
Description: very good cover and spine. gold gilt lettering to spine. The Stated First Edition. wear to endpapers. major deckeling to spine. pages are very clean. DATE PUBLISHED: 1930 EDITION: FIRST ED 286
Seller: Princeton Antiques Bookshop, Atlantic City, NJ, U.S.A.
FISHER Irving. The Stock Market Crash - And After. , 1930.
Price: US$3202.16 + shipping
Description: First edition. 8vo. 305, [1], pp., frontispiece graph and 25 charts throughout the text. Original red cloth, spine lettered and ruled in gilt, front cover with single blind filet border, fore edge untrimmed (slight rubbing at extremities, small faint splash mark to front cover, notwithstanding a very good copy indeed). New York, The MacMillan Company. A presentation copy, inscribed by the author 'To Prof. Wm. A. Berridge with the compliments of Irving Fisher April, 1930' in black ink to the front free endpaper. The recipient William Arthur Berridge (1893-1974), author of Cycles of Unemployment in the United States (1923), was instructor in economics at Harvard from 1920 to 1922, assistant associate professor at Brown University from 1922 to 1927, and economist at the Metropolitan Life Insurance Company from 1924 to 1961. Irving Fisher was one of the judges who selected Berridge's Cycles of Unemployment, from 200 submissions, for receipt of the Pollak Foundation prize in 1921; it was published as volume four in the Pollak Foundation publication series, of which volume one was Fisher's The Making of Index Numbers (1922). Fisher's analysis of the reasons for the 1929 crash, with a detailed discussion of the ensuing effects. 'When the 1929 slump occurred, Fisher was over 60 years old; yet he tackled the very difficult theory of economic fluctuations. He finally reach the conclusion - which contains a large element of truth - that business cycles are due on the one hand to the existence in the banking system of uncovered demand deposits and on the other to the opportunities for hoarding offered by the circulating monetary media. These views led him to recommend regulation of the demand for and supply of money through steadily depreciating circulating money and 100% coverage of demand deposits as a cure for business cycle ill' (IESS). Fisher, E-1532.
Seller: Maggs Bros. Ltd ABA, ILAB, PBFA, BA, London, United Kingdom
Fisher, Irving. The Stock Market Crashâ"And After.. The Macmillan Company, New York, 1930.
Price: US$3500.00 + shipping
Description: First edition of Fisher's important work tracing the causes and the immediate aftermath of the 1929 Stock Market Crash. Octavo, original red cloth. Presentation copy, inscribed by the author in the year of publciation on the front free endpaper, "To Mr. Robert W. King with the compliments of Irving Fisher March, 1930." In near fine condition. "Irving Fisher was, in the opinion of many, the leading economic theorist in the United States during the first half of the 20th century. Although his contributions to economic theory and to the development of econometrics ensure him a preeminent position among contemporary economists, he was a versatile man. In his day he was equally well-known as social philosopher, teacher, inventor, businessman, and passionate crusader for many social causes" (DAB). In 1929, just before the crash, Fisher wrote that stock prices had "reached what looks like a permanently high plateau." However, Fisher's perspective changed drastically post-crash and he managed to salvage his reputation with the brilliant understanding of the market's machinations that he displayed in this work, along with some inspired solutions for recovery. While Fisher ultimately painted a rosy picture of America's future, it was never realized due in part to Fisher's misplaced belief that America would adopt wise banking policies and gold control and his absolute faith in Hoover's leadership abilities. By 1931, the United States had fallen into the depths of the Great Depression.
Seller: Raptis Rare Books, Palm Beach, FL, U.S.A.
Fisher, Irving. The Stock Market Crashâ"And After.. The Macmillan Company, New York, 1930.
Price: US$4800.00 + shipping
Description: First edition of Fisher's important work tracing the causes and the immediate aftermath of the 1929 Stock Market Crash. Octavo, original red cloth. Near fine in a very good dust jacket with some tape repair to the spine. Rare in the original dust jacket. "Irving Fisher was, in the opinion of many, the leading economic theorist in the United States during the first half of the 20th century. Although his contributions to economic theory and to the development of econometrics ensure him a preeminent position among contemporary economists, he was a versatile man. In his day he was equally well-known as social philosopher, teacher, inventor, businessman, and passionate crusader for many social causes" (DAB). In 1929, just before the crash, Fisher wrote that stock prices had "reached what looks like a permanently high plateau." However, Fisher's perspective changed drastically post-crash and he managed to salvage his reputation with the brilliant understanding of the market's machinations that he displayed in this work, along with some inspired solutions for recovery. While Fisher ultimately painted a rosy picture of America's future, it was never realized due in part to Fisher's misplaced belief that America would adopt wise banking policies and gold control and his absolute faith in Hoover's leadership abilities. By 1931, the United States had fallen into the depths of the Great Depression.
Seller: Raptis Rare Books, Palm Beach, FL, U.S.A.