An Analysis And History Of Inflation by Don PaarlbergAn Analysis And History Of Inflation by Don Paarlberg

An Analysis And History Of Inflation

byDon Paarlberg

Hardcover | December 1, 1992

Pricing and Purchase Info

$112.23 online 
$124.50 list price save 9%
Earn 561 plum® points

Prices and offers may vary in store


In stock online

Ships free on orders over $25

Not available in stores


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.
Title:An Analysis And History Of InflationFormat: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


Editorial Reviews

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