The Purchasing Power of Money
E196118
The Purchasing Power of Money is a seminal 1911 economics book by Irving Fisher that rigorously analyzes the relationship between money supply, price levels, and inflation.
All labels observed (2)
| Label | Occurrences |
|---|---|
| The Purchasing Power of Money canonical | 1 |
| equation of exchange | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T1754430 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: The Purchasing Power of Money Context triple: [Irving Fisher, notableWork, The Purchasing Power of Money]
-
A.
A Treatise on Money
A Treatise on Money is an influential two-volume work by economist John Maynard Keynes that analyzes the functioning of monetary systems, credit, and business cycles in modern economies.
-
B.
A Monetary History of the United States, 1867–1960
A Monetary History of the United States, 1867–1960 is a landmark economic study that analyzes the role of monetary policy and money supply in shaping U.S. economic cycles and major events such as the Great Depression.
-
C.
The General Theory of Employment, Interest and Money
The General Theory of Employment, Interest and Money is John Maynard Keynes’s landmark 1936 book that founded modern macroeconomics by challenging classical views and explaining the causes of prolonged unemployment and economic downturns.
-
D.
A Tract on Monetary Reform
A Tract on Monetary Reform is an influential 1923 book by economist John Maynard Keynes that analyzes post–World War I inflation and advocates for pragmatic monetary policy and currency stabilization.
-
E.
The Process of Circulation of Capital
The Process of Circulation of Capital is the second volume of Karl Marx’s Das Kapital, analyzing how capital moves through the phases of production, circulation, and realization in a capitalist economy.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: The Purchasing Power of Money Target entity description: The Purchasing Power of Money is a seminal 1911 economics book by Irving Fisher that rigorously analyzes the relationship between money supply, price levels, and inflation.
-
A.
A Treatise on Money
A Treatise on Money is an influential two-volume work by economist John Maynard Keynes that analyzes the functioning of monetary systems, credit, and business cycles in modern economies.
-
B.
A Monetary History of the United States, 1867–1960
A Monetary History of the United States, 1867–1960 is a landmark economic study that analyzes the role of monetary policy and money supply in shaping U.S. economic cycles and major events such as the Great Depression.
-
C.
The General Theory of Employment, Interest and Money
The General Theory of Employment, Interest and Money is John Maynard Keynes’s landmark 1936 book that founded modern macroeconomics by challenging classical views and explaining the causes of prolonged unemployment and economic downturns.
-
D.
A Tract on Monetary Reform
A Tract on Monetary Reform is an influential 1923 book by economist John Maynard Keynes that analyzes post–World War I inflation and advocates for pragmatic monetary policy and currency stabilization.
-
E.
The Process of Circulation of Capital
The Process of Circulation of Capital is the second volume of Karl Marx’s Das Kapital, analyzing how capital moves through the phases of production, circulation, and realization in a capitalist economy.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economics book ⓘ |
| academicDiscipline | economics ⓘ |
| addresses |
causes of inflation
ⓘ
effects of deflation ⓘ role of banks in money creation ⓘ stabilization of the price level ⓘ |
| argues | changes in money supply and velocity are primary determinants of price level movements in the long run ⓘ |
| author | Irving Fisher ⓘ |
| centralThesis | general price level is determined by the quantity of money and its velocity relative to the volume of trade ⓘ |
| coAuthor | Harry G. Brown NERFINISHED ⓘ |
| countryOfOrigin |
United States of America
ⓘ
surface form:
United States
|
| focusesOn |
measurement of purchasing power through index numbers
ⓘ
rigorous statistical analysis of price levels and money supply ⓘ |
| genre | non-fiction ⓘ |
| hasEdition |
reprints in the 20th century
ⓘ
revised edition 1913 ⓘ |
| hasOCLCNumber | 1542555 ⓘ |
| historicalContext | pre-World War I gold standard era ⓘ |
| includedIn | canon of early 20th-century monetary theory ⓘ |
| influenced |
development of monetarist economics
ⓘ
later work of Milton Friedman ⓘ |
| influencedBy | classical quantity theory of money ⓘ |
| intendedAudience |
economists
ⓘ
policy makers ⓘ |
| language | English ⓘ |
| notableFor |
early use of index number theory in economics
ⓘ
formalization of the equation of exchange as an identity ⓘ systematic empirical testing of the quantity theory of money ⓘ |
| proposes |
formal statement of the equation of exchange MV = PT
ⓘ
policies for stabilizing the purchasing power of money ⓘ |
| publicationYear | 1911 ⓘ |
| publisher |
The Macmillan Company
ⓘ
surface form:
Macmillan
|
| structure |
empirical and statistical chapters on price indices
ⓘ
theoretical analysis of money and prices ⓘ |
| subject |
banking
ⓘ
business cycles ⓘ credit ⓘ equation of exchange ⓘ inflation ⓘ monetary economics ⓘ monetary policy ⓘ money supply ⓘ price index numbers ⓘ price level ⓘ quantity theory of money ⓘ velocity of money ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: The Purchasing Power of Money Description of subject: The Purchasing Power of Money is a seminal 1911 economics book by Irving Fisher that rigorously analyzes the relationship between money supply, price levels, and inflation.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
equation of exchange