The Path of a Powerful Idea
The economics that Irving Fisher espoused should not be discarded. But clearly, there are some issues with it
Milton Friedman, free-market champion and early adopter of statistical, mathematical techniques in economics, called Irving Fisher his "favorite economist." He didn't believe financial markets were perfectly rational—just more rational than governments.
David Gahr / TIME&LIFE Pictures / Getty
Free-market champion and early adopter of statistical, mathematical techniques in economics. Called Fisher his "favorite economist." He didn't believe financial markets were perfectly rational — just more rational than governments
Watch TIME's video of Peter Schiff trash-talking the markets.
View the full list for "The Path of a Powerful Idea"Latest Lists
Most Popular »
- Why Obama Has to Worry About Polls
- Why Brittany Murphy Is Worth Remembering
- Brazilian Family Concedes Defeat: Sean Goldman Home by Christmas?
- How Panera Bread Defies the Recession
- In Germany, a Disturbing Rise of Right-Wing Violence
- Lindsey Graham: New GOP Maverick in the Senate
- Israel vs. Hizballah: Drumbeats of War
- The Pentagon Prepares for a Missile Attack from 'Iran'
- The '00s: Goodbye (at Last) to the Decade from Hell
- A Pariah No More: Serbia Bids to Join the E.U.
- How Panera Bread Defies the Recession
- In Germany, a Disturbing Rise of Right-Wing Violence
- Rehabilitating Joseph Stalin
- Lindsey Graham: New GOP Maverick in the Senate
- Holland's Plan to Tax Every Kilometer Driven
- A Pariah No More: Serbia Bids to Join the E.U.
- Brazilian Family Concedes Defeat: Sean Goldman Home by Christmas?
- Domestic Terror Incidents Hit a Peak in 2009
- In Cleveland, Worker Co-Ops Look to a Spanish Model
- Will Your Next Car be Made in India?
RSS