Edwin W. Kemmerer

American economist

Edwin Walter Kemmerer (June 29, 1875, Scranton, Penn. – December 16, 1945 Princeton, N.J.) was an American economist, who became famous as an economic adviser to foreign governments in many countries, promoting plans based on strong currencies, the gold standard, central banks, central bank independence, and balanced budgets.

Kemmerer (4th from left) in a mission to Peru (1931)

Quotes about Irving Fisher edit

  • Professor Fisher's The Purchasing Power of Money is dedicated to Simon Newcomb, from whom vid Professor Kemmerer the PT = MV formula ultimately derives. Newcomb was not a professional economist but a mathematician (Professor of Mathematics in the U.S. Navy and at Johns Hopkins). His Principles of Political Economy, published in 1886, is one of those original works which a fresh scientific mind, not perverted by having read too much of the orthodox stuff, is able to produce from time to time in a half -formed subject like economics.
  • They aimed at and directed action towards the establishment of an internationally interconnected monetary and credit system based on stable national currencies in fixed value relationship with gold and other gold currencies. Financial reconstruction and the approbation of external loans were accordingly made conditional upon institutional safeguards of central bank independence; the settlement of past external debt ; and the establishment ... They were Professor Edwin Walter Kemmerer, of the United States, for the second Polish stabilization ; Professor Charles Rist and Roger Auboin, of France, for the Romanian stabilization; and anonymous representatives of the Banque de
    • Nötel, R. "International Credit and Finance," in: Michael Charles Kaser, ‎Edward Albert Radice eds. (1986). The Economic History of Eastern Europe, 1919-1975. p. 201
  • Princeton's Edwin W. Kemmerer [was] widely referred to as the “money doctor” by virtue of his advisory missions to position foreign governments on the gold standard in the 1920s.
    • William J. Barber (2006). Designs Within Disorder: Franklin D. Roosevelt, the ..., p. 48

External links edit

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