Thorvald Grung Moe.
If you haven’t already read Fisher’s 1933 article “The Debt-Deflation Theory of Great Depressions,” read it today. It contains his theory of booms and busts that later inspired Hyman Minsky to develop the Financial Instability Hypothesis (HM duly acknowledged his debt to Fisher in his 1986 book). Fisher’s article is unfortunately becoming more relevant by the day.
Πηγή: Multiplier Effect