Description

    Signed by Irving Fisher
    "The Greatest Economist the United States
    Ever Produced"

    Irving Fisher. (Hans R. L. Cohrssen, assistant). Stable Money. A History of the Movement. New York: Adelphi Company, 1934. First edition. "Copy No. 634 of the first edition", signed by Irving Fisher, Frederic Delano and James Rand on front pastedown presentation label, inscribed to Maurice E. Tucker for his "pioneer support of the movement for a Stable Measure of Value".

    Octavo. xxiii, 484 pages. Bound in blue cloth with red titles on spine. Binding rubbed, horizontal crease across the word "Stable" near head of spine. Dampstaining to edges of textblock with minor affect to the inside pages. Pages with occasional light foxing. Very good.


    More Information:

    Irving Fisher (1867-1947) has been called by both James Tobin and Milton Friedman "the greatest economist the United States ever produced". In the 1920s Fisher founded the Stable Money Association. A primary goal of the association was to influence the Federal reserve to adopt policies aimed at price stabilization.

     

    Frederic Adrian Delano (1863-1953) was an uncle of President Franklin Roosevelt , president of the Stable Money Association and at one time first Vice-Chair of the Federal Reserve. In his various roles and with the ear of the president, he was able to strongly impact President Roosevelt's economic policies. It is widely believed that at his urging the President demonatized the dollar and went off the gold standard.

     

    James Rand Jr. (1886-1968) was an American industrialist who revolutionized the business record industry and formed the Remington Rand Company which he later merged with the Sperry Corporation to form the Sperry-Rand Corporation. He signed this volume as the president of the Committee for the Nation.

     

    This Committee, founded in 1933, was dedicated to economic recovery (this was during the height of the Great depression) and advocated abandoning the gold standard.

     

    The volume itself is dedicated to President Franklin Roosevelt. This might lead one to believe that Fisher supported FDR's policies. In fact, he was stridently against the New Deal. The dedication was to recognize FDR's contribution to a stable dollar--a further attempt to induce Roosevelt to pay more attention to monetary issues.

     

    A very interesting association copy bringing together Irving Fisher, two American industrialists and The President of the United States.



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