Answer to Question #320568 in Economics for Mark

Question

Explain the main contribution for Irving Fisher, Economist of neo-classical school of Economic Thought and how his contributions have improved the modern day understanding and application of Economics.

( In 400 words)

Answer 1

Irving Fisher (February 27, 1867 — April 29, 1947) was an American economist, one of the early American neoclassical economists. He contributed to the development of economics, using mathematical and statistical procedures, as well as developing theories from the Austrian school of economics.