It was proposed by — and is named after — the economist Irving Fisher.
They were proponents of proposition 25, 1938, which was the idea of Irving Fisher.
In the 1930s, an Independent-Republican party was formed by Professor Albert Levitt of Redding, CT and Irving Fisher, a Yale economist.
By mid-1912, a number of prominent individuals — including social workers Jane Addams and Lillian Wald, industrialist Henry Morgenthau, Sr., journalist Paul Kellogg, jurist Louis Brandeis, economist Irving Fisher, and pacifist minister John Haynes Holmes — had asked President Taft to appoint a commission on industrial relations to ease economic tensions in the country.
In another interpretation, price adjustment could make matters worse, causing what Irving Fisher called "debt deflation".
His Ph.D. thesis, "The Behavior of Interest Rates: An Application of the Efficient Market Model to U.S. Treasury Bills," won the Irving Fisher Prize as the best American dissertation in economics in 1968.
Economist Irving Fisher said that "stock prices have reached what looks like a permanently high plateau" a few weeks before the Stock Market Crash of 1929, which was followed by the Great Depression.
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A Program for Monetary Reform was attributed on its cover page to six American economists: Paul H. Douglas, Irving Fisher, Frank D. Graham, Earl J. Hamilton, Wilford I. King, and Charles R. Whittlesey.