How to see into the future – [FT.com]

Irving Fisher was once the most famous economist in the world. Some would say he was the greatest economist who ever lived. “Anywhere from a decade to two generations ahead of his time,” opined the first Nobel laureate economist Ragnar Frisch, in the late 1940s, more than half a century after Fisher’s genius first lit up his subject. But while Fisher’s approach to economics is firmly embedded in the modern discipline, many of those who remember him now know just one thing about him: that two weeks before the great Wall Street crash of 1929, Fisher announced, “Stocks have reached what looks like a permanently high plateau.”

via How to see into the future – FT.com.

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About plerudulier

Primarily interested in interacting and engaging with people about issues related to profession but also charity, environment, ... you get the idea.

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