ECONOMIC ASPECT OF LENGTHENING HUMAN LIFE (Illustrated)

This book has an active table of contents for readers to easy access to each chapter.

Irving Fisher was the greatest economist the United States has ever produced. He made important contributions to utility theory, general equilibrium, theory of capital, the quantity theory of money and interest rates. Fisher was also a pioneer of the development of index numbers for stock markets. Fisher equation, the Fisher hypothesis, the international Fisher effect, and the Fisher separation theorem were named after him.

Following David Ricardo and John Keynes, Fisher was also one of those rare people who were deeply involved in investing and researching stock markets.

Fisher’s theory of debt deflation was widely used to explain the cause of the Great Depression and became more popular after the 2008 recession.

In addition to Monetary Theory, Fisher’s research also covers a wide range of topics including the economics of insurance industry.

Fisher’s economic view to insurance industry is that “concerted action by life insurance companies to lengthen human life would mark, I believe, one of the greatest steps, if not the greatest step, ever yet taken toward the improvement of human longevity”. Fisher used the essay to argue the fundamental economics of insurance industry.

This is a must read book for readers who are in interested in the thoughts of economics of insurance industry by Irving Fisher, one of the greatest economic thinkers on the planet.