Inflation and the Theory of Money
- ISBN-10
- 0043320554
- ISBN-13
- 9780043320556
- Category
- Business & Economics / Inflation
- Pages
- 313
- Language
- English
- Published
- 1973
- Publisher
- Allen & Unwin
- Author
- Robert James Ball
Description
Martin Bronfenbrenner in the Journal of Finance had this to say when the book was first released: "A thoughtful, scholarly, and systematic treatise on the economics of inflation. If this reviewer were asked to hang a course on inflation theory upon one single text, it would almost certainly be this one." The principal concern of this book is to set out the elements that enter into problems of analyzing inflation. This detailed, readable review of contemporary theory on the problems of inflation fills an important gap in the literature on macro-economics that: 1) assesses the implications of inflationary processes for economic policy; 2) synthesizes a general framework within which to illustrate inflationary processes; 3) reconciles the approaches of "demand inflation" and "cost inflation"; and 4) analyzes the determination and behavior of the general price level in an exchange economy.
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