The reception of Irving Fisher in Argentina: Alejandro Bunge and Raúl Prebisch

The reception of The Purchasing Power of Money in Argentina is not a case of ‘passive’ reception of ideas. The main characters of the story told in this article had an active interaction with the ideas they received. Fisher's work was first diffused by Alejandro Bunge, who was interested in the construction of index numbers and corresponded with Fisher. Bunge's most prominent student was Raúl Prebisch, who integrated Fisher's description of the transition periods with some aspects of the works of Tugan-Baranowsky, Frank Taussig and John Williams to explain the economic cycle in Argentina.