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A Compensated Dollar


  • Irving Fisher


A dollar constant in purchasing power is needed, 214. — The purchasing power of gold varies, 215. — The plan for a compensated dollar, 217. —The use of index numbers, 220. — No change in coinage, 222. — "Brassage" and redemption-bullion, 22. — Two prices of gold, m int-price and redemption-price, 227. — The plan briefly summarized, 228. — Illustration of its working if it had been adopted in 1897, 22.

Suggested Citation

  • Irving Fisher, 1913. "A Compensated Dollar," The Quarterly Journal of Economics, Oxford University Press, vol. 27(2), pages 213-235.
  • Handle: RePEc:oup:qjecon:v:27:y:1913:i:2:p:213-235.

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    Cited by:

    1. Robert J. Shiller, 2006. "Designing Indexed Units of Account," Chapters, in: Lawrence R. Klein (ed.), Long-run Growth and Short-run Stabilization, chapter 11, Edward Elgar Publishing.
    2. Shiller, Robert J., 2013. "Irving Fisher, Debt Deflation, And Crises," Journal of the History of Economic Thought, Cambridge University Press, vol. 35(2), pages 179-183, June.
    3. Sebastian Edwards, 2017. "The London Monetary and Economic Conference of 1933 and the End of the Great Depression," Open Economies Review, Springer, vol. 28(3), pages 431-459, July.
    4. Robert J. Shiller, 2002. "Indexed Units of Account: Theory and Assessment of Historical Experience," Central Banking, Analysis, and Economic Policies Book Series, in: Fernando Lefort & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Serie (ed.), Indexation, Inflation and Monetary Policy, edition 1, volume 2, chapter 4, pages 105-134, Central Bank of Chile.
    5. Ho, Lok Sang, 2018. "In search of a unit of stable global purchasing power," International Review of Economics & Finance, Elsevier, vol. 56(C), pages 99-108.
    6. Koichi Hamada & Asahi Noguchi, 2005. "The Role of Preconceived Ideas in Macroeconomic Policy: Japan's Experiences in the Two Deflationary Periods," Working Papers 908, Economic Growth Center, Yale University.
    7. Young Sik Kim & Manjong Lee, 2011. "Unit of Account, Medium of Exchange, and Prices," Discussion Paper Series 1104, Institute of Economic Research, Korea University.
    8. Anna J. Schwartz, 1984. "Introduction to "A Retrospective on the Classical Gold Standard, 1821-1931"," NBER Chapters, in: A Retrospective on the Classical Gold Standard, 1821-1931, pages 1-22, National Bureau of Economic Research, Inc.
    9. Kim, Young Sik & Lee, Manjong, 2017. "Money, unit of account, and nominal rigidity," Economics Letters, Elsevier, vol. 160(C), pages 59-63.

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