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Adolphe Landry and Irving Fisher on Circulation and Interest

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  • Robert W. Dimand

Abstract

In the two decades before World War I, Irving Fisher and his French contemporary Adolphe Landry presented and extended Boehm-Bawerk?s theory capital and interest, although both of them criticized Boehm-Bawerk?s concept of an average period of production. They analyzed each other?s work on interest theory in books reviews and books. They both attempted to construct an operationally meaninful version of the quantity theory of money, with Fisher building explicitly on early studies by Landry and Pierre des Essars in France and by Edwin Kemmerer and David Kinley in the US.

Suggested Citation

  • Robert W. Dimand, 2012. "Adolphe Landry and Irving Fisher on Circulation and Interest," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2012(2), pages 115-123.
    • Handle: RePEc:fan:spespe:v:html10.3280/spe2012-002007
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    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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