The Purchasing Power of Money is a classic economics book written by Irving Fisher. In this book, Fisher explores the concept of purchasing power and how it is determined. He also delves into the relationship between purchasing power, credit, interest rates, and economic crises. Fisher lays out his theory that changes in the quantity of money in circulation have a direct impact on the purchasing power of money. He argues that inflation and deflation are caused by changes in the money supply, and that these changes can be controlled through monetary policy. Additionally, Fisher discusses the role of credit in the economy, and how changes in interest rates can affect economic activity. Finally, he examines the causes and effects of economic crises, and offers suggestions for how they can be avoided or mitigated. The Purchasing Power of Money is a seminal work in the field of economics, and has had a lasting impact on the study of monetary policy and macroeconomics.An Extremely Interesting Historical Account Of Money And Its Purchasing Power.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.