First edition of The Stock Market Crash – And After, by American economist, Irving Fisher.
Octavo, xxvi, , 286pp. Red cloth, title stamped in gilt. Short tear to top edge of spine, some faint discoloration of endpapers. Solid text block, free of any marks or notations. Publication statement on copyright page, noting “Published February, 1930.” Complete with all 25 graphs.
Irving Fisher (1867-1947) was one of America’s foremost mathematical economists and economic writers. Nine days before the market crash of 1929, Fisher predicted that stock prices had “reached what looks like a permanently high plateau.” Shortly after the crash, he believed the market was “only shaking out of the lunatic fringe.” He lost a lot of credibility during the Great Depression of the 1930s, but his ideas found new life in the 1980s, with the changing theories of public and government debt.