A 1958 article by Jack Hirshleifer revived the study of the work of this economist, who called the business cycle a "dance of the dollar" in a 1923 paper.
A 1958 article by Jack Hirshleifer revived the study of the work of this economist, who called the business cycle a "dance of the dollar" in a 1923 paper. His major theory concerning investment and capital was presented in Nature of Capital and Income and Rate of Interest, and a separation theorem named for this economist states that a firm's financial decisions can be separated from its investment decisions. His namesake equation states that the real interest rate is the difference of the ? nominal interest rate and the expected rate of inflation, which is the basis for his namesake hypothesis. FTP, name this mathematical economist who proposed that the real interest rate is independent of monetary actions.
A 1958 article by Jack Hirshleifer revived the study of the work of this economist, who called the business cycle a "dance of the dollar" in a 1923 paper.
Irving {Fisher} (4)