www.swlearning.com/quant/kohler/stat/biographical_sketches/bio20.1.html He graduated first in his class with a B.A degree in 1888, havin… He received his doctoral degree in mathematics at Yale in 1891. But his greatest concentration was on mathematics and economics, the latter having no academic department at … Whatever the difficulty of the subject, Fisher excelled at di… This stream however is independent of the capital. Find helpful customer reviews and review ratings for Irving Fisher: A Biography at Amazon.com. Fisher received a doctorate at Yale in 1891 in economics and mathematics. A week after he was admitted to Yale Collegehis father died, at age 53. He later matriculated from Yale University, where he sought to pursue his Ph.D. Fisher realized this feat in 1891, and was awarded the first Ph.D. in economics by Yale. Capital according to Fisher, was any item of value which could produce a stream of income inflows. Fisher argued that when people decide to save, they are being taxed first on the income they use to buy capital goods and later on the income generated by that capital. Irving Fisher, (born February 27, 1867, Saugerties, New York, U.S.—died April 29, 1947, New Haven, Connecticut), American economist best known for his work in the field of capital theory. Explore books by Irving Fisher with our selection at Waterstones.com. By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica. Everyday low prices and free delivery on eligible orders. He also proved himself an able businessman, earning a fortune in 1910 by marketing a card-index file system he had devised. This is still the way economists view capital and income today. This has an effect of double taxation on savings, making consumption relatively more attractive. Thus, argued Fisher, an income tax is biased against saving and in favour of consumption. His specialty lied in translating complex economic theory in to simple text, as was exhibited in his book Theory of Interest which is renowned for its ease of understanding. But his greatest concentration was on mathematics and economics, the latter having no academic department at … He was born on February 27th, 1867 and past away post World War II on April 29th, 1947. He died in New York City in 1947. Irving Fisher: A Biography [Allen, Robert L.] on Amazon.com.au. Irving then supported his mother, brother, and himself, mainly by tutoring. It looks like we don't have any Biography for Irving Fisher yet. Irving Fisher was a famous American economist, who was born on February 27, 1867.As a person born on this date, Irving Fisher is listed in our database as the 53rd most popular celebrity for the day (February 27) and the 19th most popular for the year (1867). Be the first to contribute! As did his father, Fisher studied at … He displayed signs of his mathematical intellect and invention during his early days, and started to financially support his family giving tuitions after his father passed away. Irving Fisher : a biography Item Preview remove-circle Share or Embed This Item. In The Purchasing Power of Money (1911), he developed the modern concept of the relationship between changes in the money supply and changes in general price levels. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree.... Get exclusive access to content from our 1768 First Edition with your subscription. Usually included within the social sciences are cultural (or social) anthropology, sociology, psychology, political science, and economics. 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