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FISHER, Irving.

100% Money

Designed to keep checking banks 100% liquid; to prevent inflation and deflation; largely to cure or prevent depressions; and to wipe out much of the National Debt.

Published: New York: Adelphi Company, 1936

Stock code: 97128

Price: £950

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Second edition, first published the previous year, here extensively revised following the passing of the Omnibus Banking Act of 1935. 100% Money was Fisher’s proposal to eliminate economic fluctuations by requiring that demand deposits be backed by a corresponding amount of cash, an idea which had its roots in the work of Walras, Mises, and the Chicago School. An inscribed presentation copy from the author, inscribed on the front free endpaper: “To/ Professor Harold Hosking/ with the compliments/ and high esteem of/ Irving Fisher/ May, 1936”. The recipient may be Harold Hosking Tayler, author of Life Assurance (1933).

Octavo. Original blue cloth, spine lettered in gilt, top edges yellow. With the dust jacket. Spine of dust jacket dulled, a few chips and short tears with a little loss.

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