To illustrate MV = PY. (It was MV=PT then.) In Irving Fisher, "The Equation of Exchange 1896-1910," The American Economic Review Vol. 1, No. two (June, 1911), pp. 296-305, via JSTOR.
Journal Graphics Inwards A Bygone Era
To illustrate MV = PY. (It was MV=PT then.) In Irving Fisher, "The Equation of Exchange 1896-1910," The American Economic Review Vol. 1, No. two (June, 1911), pp. 296-305, via JSTOR.
