From America's first celebrated economist comes this 1912 textbook with a succinct yet highly informative introduction to economics as it was understood and practiced in the early 20th century.

Fisher provides in-depth discussions of basic topics including:

. wealth, property, and income

. credit and debt

. currency, prices, and monetary systems

. supply and demand, capital and labor

. poverty

. and more.

American economist IRVING FISHER (1867-1947) was professor of political economy at Yale University. Among his many books are The Rate of Interest (1907), Why Is the Dollar Shrinking? A Study in the High Cost of Living (1914), and Booms and Depressions (1932).

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ALSO FROM COSIMO: Fisher's The Purchasing Power of Money: Its Determination and Relation to Credit Interest and Crises and Mathematical Investigations in the Theory of Value and Prices and Appreciation and Interest