Introduction to the special issue of the EJHET in relation with the 2011 Fisher Conference organized in Lyon 2 University, France, by the laboratories LEDa, PHARE and TRIANGLE

In his 1903 thesis - “Money and credit instruments in their relation to general prices” - published in 1907, E.W. Kemmerer argued that the market prices of goods cannot be determined by the equations of demand and supply of goods without introducing the “missing” equilibrium equation of...