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FISHER, Irving.

Stamp Scrip.

Assisted by Hans R. L. Cohrssen and Herbert W. Fisher.

New York: Adelphi Company, 1933 Stock Code: 146931
£1,250.00
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First edition, first printing; very scarce. The aim of Stamp Scrip, published a few months after Fisher's Booms and Depressions, was to describe the stamped-money experience made in the Austrian towns of Schwanenkirchen and Wörgl. Fisher adopted the proposal of Silvio Gesell (1862-1930) of stamping notes each month at the post office without which stamp the notes ceased to be legal tender; the object of the scheme was to discourage the hoarding of notes, which it would succeed in doing if extended to cover bank deposits.

"There is no doubt that a scheme of this kind is a valid antidepression weapon, provided it is extended also to cover bank deposits - which is feasible. Fisher believed that in normal times there would be no need to have recourse to this system but that if the need for it became evident, it could be introduced with beneficial effect" (IESS).

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Description

Octavo. Original blue cloth.

Condition

Gilt lettering to spine lost, very light staining to front cover, contents clean and fresh. A very good copy.

Bibliography

Fisher M-1934; IESS 1933a.

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