Booms and Depressions: Some First Principles
Irving Fisher (1867-1947) was an early practitioner of mathematical economics. Departing from his primary interest in theories of interest rates, capital, and investments, this work is an early foray into analysis of business cycles, and the expression of his debt-deflation theory. In it he identifies nine main factors influencing depressions, provides empirical observations of those factors, and makes suggestions for remedial actions. It is an elaboration of the author's address at the meeting of the American Association for the Advancement of Science, held at New Orleans, Jan. 1, 1932.
Fisher, Irving, ([year]), Booms and Depressions: Some First Principles, [issue title/date], accessed May 18, 2013 from FRASER, http://fraser.stlouisfed.org/publication/?pid=104