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Less Than Zero: The Case for a Falling Price Level in a Growing Economy (Selgin, George)
Less Than Zero: The Case for a Falling Price Level in a Growing Economy
Autor Selgin, George
Verlag Institute of Economic Affairs
Sprache Englisch
Einband Kartonierter Einband (Kt)
Erscheinungsjahr 1997
Seiten 82 S.
Artikelnummer 23151152
ISBN 978-0-255-36402-7
Reihe IEA Hobart Paper
Reihenbandnummer 132
CHF 33.50
Fremdlagertitel, Lieferzeit unbestimmt.
Zusammenfassung

This book sets out to explain the complexity of why increased production does not that always bring with it lower prices. According to the book, those who look upon monetary expansion as a way to eradicate almost all unemployment fail to appreciate that persistent unemployment is a non-monetary or 'natural' economic condition, which no mount of monetary medicine can cure. Selgin explores the differences between these monetary and natural conditions, and proposes solutions of his own.