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The reception of Fisher's Purchasing Power of Money in England
This article will describe the critical reception of Fisher's book by the Cambrige authors.
First, we will begin with a description of the relationship between Fisher (1911) and the British Monetary Orthodoxy. Next, we shall examine the relationship between Fisher (1911) and the Cambridge School and Hawtrey. This will lead into a study of Keynes’ comments on Fisher (1911).
We shall show that all referred positively to Fisher. However, they were also critical of Fisher's method and this was to contribute, in turn, to making their own analyses more precise, in particular regarding the role of credit.
First, we will begin with a description of the relationship between Fisher (1911) and the British Monetary Orthodoxy. Next, we shall examine the relationship between Fisher (1911) and the Cambridge School and Hawtrey. This will lead into a study of Keynes’ comments on Fisher (1911).
We shall show that all referred positively to Fisher. However, they were also critical of Fisher's method and this was to contribute, in turn, to making their own analyses more precise, in particular regarding the role of credit.
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Keywords: Cambridge school; Irving Fisher; Keynes; quantity theory
Document Type: Research Article
Affiliations: University Paris Est Créteil (UPEC), 15 Rue de l'Estrapade, 75005 Paris, Paris, France,
Publication date: April 1, 2013
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