An Analysis And History Of Inflation

Hardcover | December 1, 1992

byDon Paarlberg

not yet rated|write a review
This history and analysis examines fifteen great inflations--from Ancient Rome to the French Revolution to post-World War I Germany to modern-day Brazil--to provide an understanding of the causes of inflation. A unique feature of the book is the evidence presented that a moderate degree of inflation is usually accompanied by increased economic activity. Contrary to the views of many, moderate inflation appears to be welcomed by most people and assists in returning incumbent political leaders to power. In addition, the money illusion, the belief that money has constant value over time, is shown by the author to be grievously in error. Presenting views which are at odds with much of mainstream economics, Paarlberg concludes that inflation is caused by an excess of money, and since the creation of money is a government monopoly, governments are responsible for inflation. Additionally, various macroeconomic theories are unable to account for gyrations of production and prices. The best explanation for these matters, therefore, is to be found in institutional economics, which takes into regard whatever forces exist rather than focusing on a select few while purporting to hold others constant. This thoughtful work will be of interest to scholars, students, and laypersons in economics and economic history.

Pricing and Purchase Info

$111.07 online
$124.50 list price (save 10%)
In stock online
Ships free on orders over $25

From the Publisher

This history and analysis examines fifteen great inflations--from Ancient Rome to the French Revolution to post-World War I Germany to modern-day Brazil--to provide an understanding of the causes of inflation. A unique feature of the book is the evidence presented that a moderate degree of inflation is usually accompanied by increased ...

Format:HardcoverDimensions:208 pages, 9.82 × 6.16 × 0.85 inPublished:December 1, 1992Publisher:Praeger Publishers

The following ISBNs are associated with this title:

ISBN - 10:0275944166

ISBN - 13:9780275944162

Look for similar items by category:

Customer Reviews of An Analysis And History Of Inflation

Reviews

Extra Content

Editorial Reviews

?The 15 case studies are brief and interesting. A selected and useful reading list is included for each case.?-Choice