The Debt-Deflation Theory of Great Depressions¶
Fisher, I. (1933). The Debt-Deflation Theory of Great Depressions. Econometrica, 1(4), 337-357.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Cycle
- The cycle-breaking intervention transfers directly from systems dynamics — sever the loop at a strategic edge: dose with alum to bind sediment phosphorus (breaking the sediment-release edge) or aerate to break the oxygen-depletion edge — the identical move a software team makes severing a circular import and a household makes restructuring a debt spiral (interest → higher balance → more interest).
This sourceClassic account of a self-reinforcing debt spiral: over-indebtedness and falling prices raise real debt burdens, which deepen the downturn in a 'vicious spiral' — a positive-feedback cycle broken only by a counteracting intervention.
- The cycle-breaking intervention transfers directly from systems dynamics — sever the loop at a strategic edge: dose with alum to bind sediment phosphorus (breaking the sediment-release edge) or aerate to break the oxygen-depletion edge — the identical move a software team makes severing a circular import and a household makes restructuring a debt spiral (interest → higher balance → more interest).
Verification¶
This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.
Registry ID ref:4b6d13114ec6 · see in the full table