Journal title HISTORY OF ECONOMIC THOUGHT AND POLICY
Author/s Robert W. Dimand
Publishing Year 2012 Issue 2012/2 Language English
Pages 9 P. 115-123 File size 73 KB
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In the two decades before World War I, Irving Fisher and his French contemporary Adolphe Landry presented and extended Boehm-Bawerk’s theory capital and interest, although both of them criticized Boehm-Bawerk’s concept of an average period of production. They analyzed each other’s work on interest theory in books reviews and books. They both attempted to construct an operationally meaninful version of the quantity theory of money, with Fisher building explicitly on early studies by Landry and Pierre des Essars in France and by Edwin Kemmerer and David Kinley in the US.
Keywords: Adolphe Landry, Irving Fisher, velocity of circulation, rate of interest
Jel codes: B13; B31
Robert W. Dimand, Adolphe Landry and Irving Fisher on Circulation and Interest in "HISTORY OF ECONOMIC THOUGHT AND POLICY" 2/2012, pp 115-123, DOI: 10.3280/SPE2012-002007