The Stock Market Crash - And After. - [THE CAUSES OF THE 1929 STOCK MARKET CRASH]

1930. New York, Macmillan, 1930. 8vo. In the original red full cloth and with the the original dust-jacket. Dust-jacket price-clipped and missing 2 cm of lower part of spine, spine discoloured. Internally very fine and clean. Binding likewise very fine and clean. xxvi, (2), 286 pp. First edition of this seminal work tracing the causes of the 1929 Stock Market Crash, here in scarce original dust-jacket..Irving Fisher is considered one of the earliest American neoclassical economists and the first celebrity economist. Fisher was also the first economist to distinguish clearly between real and nominal interest rates, and Milton Friedman called him "the greatest economist the United States has ever produced."Considered "the father of monetary economics" (Pressman, 91), "Irving Fisher was, in the opinion of many, the leading economic theorist in the United States during the first half of the 20th century. Although his contributions to economic theory and to the development of econometrics ensure him a preeminent position among contemporary economists, he was a versatile man. In his day he was equally well-known as social philosopher, teacher, inventor, businessman, and passionate crusader for many social causes" (DAB).