The Purchasing Power of Money. Its Determination and Relation to Credit Interest and Crises. Assisted by Harry G. Brown.

  • First Edition
  • Hardcover
  • Used
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Seller: Maggs Bros. Ltd ABA, ILAB, PBFA, London, United KingdomMaggs Bros. Ltd ABA, ILAB, PBFA

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Hardcover

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Item description from seller

First edition. 8vo. xxii, [2], 505, [1], [6, publisher's advertisements] pp., with two folding tables. Original green cloth, spine lettered and ruled in gilt, covers with single blind border (faint creasing to lower corner of front free endpaper with contemporary ink ownership inscription of 'H. Longman, London School of Economics' and recent neat pencilled ownership inscription of Hon. Stanley C. Wisniewski to recto and verso respectively, contents otherwise generally clean; rubbing to tips of spine, joints and corners, front hinge slightly delicate but holding firmly, notwithstanding a very good copy overall). New York, The MacMillan Company. Irving Fisher's seminal work of monetary economics in which he introduced his famous equation of exchange, known as the Fisher Equation. 'The Equation is the identity MV = PT, where M is the stock of money; V its velocity, the average number of times per year a dollar of the stock changes hands; P is the average price of the considerations traded for money in such transactions; and T is the physical volume per year of those considerations. It is an identity because it is in principle true by definition' (New Palgrave). 'No other mathematical formulation in economics, perhaps no other in history save that of Albert Einstein, has enjoyed a greater vogue, and this continues without diminution to our own time' (Galbraith, A History of Economics, pp. 152-3). Fisher M-169.…

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Bibliographic details

Title
The Purchasing Power of Money. Its Determination and Relation to Credit Interest and Crises. Assisted by Harry G. Brown.
Author
FISHER (Irving).
Publication year
1911
Binding
Hardcover
Edition
1st Edition

Maggs Bros. Ltd ABA, ILAB, PBFA

London, United Kingdom

5-star seller

AbeBooks seller since May 15, 2015

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Established in 1853, Maggs Brothers is one of the world's oldest antiquarian booksellers still operating today. We sell books worldwide through the internet as well as from our regularly published catalogues, and we are delighted to welcome customers to our two premises in Bloomsbury and Mayfair.

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Travel Books, illustrated books, Illuminated manuscripts and miniatures, Bookbindings, Continental books including incunabula, Fine printing, Autographs and Manuscripts, English-language literature of all periods, books of the Far East including Japanese photobooks

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Maggs Bros. Ltd ABA, ILAB, PBFA, BA

Maggs Bros. Ltd., 48 Bedford Square
London, United Kingdom WC1B 3DR