the theories of Veblen, Fisher, Schumpeter, and Minsky
In "Debt, Innovations, and Deflation", the authors analyze the deflation theories of Thorstein Veblen, Irving Fisher, Joseph A. Schumpeter, and Hyman Minsky. In so doing, they develop a paradigm for understanding the phenomenon of deflation. They explain how technological, organizational, and financial innovations, combined with ...