Irving Fisher

Economist Statistician American 1867 – 1947

Developed quantity theory of money and index number methodology.

383 quotes

"Economic growth without distributed benefit is merely the growth of inequality."
Justice
"The price of everything reflects the value that someone places upon it."
Philosophy
"To invest wisely is to plant seeds that will bear fruit long after one is gone."
"The banking system is the circulatory system of modern civilization."
Science
"A man's real income is not what he earns but what he can afford."
Money
"The most dangerous economic ignorance is the belief that one understands what one does not."
"Wealth creation is not a zero-sum game but a rising tide that can lift all boats."
Inspiration
"The economist studies not money but the behavior of men regarding scarce resources."
Science
"A nation's true wealth is measured not in dollars but in the well-being of its citizens."
Happiness
"The great economic problem is not production but distribution."
Justice
"Deflation is as destructive to the economy as inflation, only in the opposite direction."
"The man who ignores economic principles is doomed to suffer them."
Truth
"Capital without labor is sterile; labor without capital is impotent."
Work
"The purpose of business is not to maximize profit but to serve human needs."
Kindness
"Economic freedom is the foundation upon which all other freedoms rest."
Freedom
"The statistics of poverty are ultimately the biography of failed opportunities."
"A robust economy is not built on speculation but on productive enterprise."
Perseverance
"The man who separates his moral life from his economic life is twice enslaved."
"To understand purchasing power is to understand the true cost of government spending."
Knowledge
"The future is not predetermined; it is the sum of present choices and actions."
Hope
"Economic theory without application is philosophy; application without theory is bankruptcy."
Wisdom
"The level of interest rates reflects the collective confidence of a society in its future."
Faith
"To create a just economy requires both the head of the scientist and the heart of the humanitarian."
Philosophy