In Defense of Deflation

Name: In Defense of Deflation
Author: Philipp Bagus

Specificaties

Gebonden, 215 blz. | Engels

Springer International Publishing | 2015e druk, 2015

ISBN13: 9783319134277

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Juridisch :

Springer International Publishing 2015e druk, 2015 9783319134277

Onderdeel van serie Financial and Monetary Policy Studies

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Samenvatting

This book analyses the causes and consequences of deflation. In contrast to the widespread belief that deflation would be harmful to the economy as a whole, the author argues that free market deflation is liberating and beneficial. Several myths of deflation are exposed and the reasons for the widespread deflation phobia that serves to justify expansionary monetary policy, i.e., inflation are investigated. Two historical case studies, the growth deflation in the US after the Civil War and the bank credit deflation in Germany during the Great Depression are discussed to illustrate the points made in the theoretical analysis of deflation.

Specificaties

ISBN13:9783319134277

Taal:Engels

Bindwijze:gebonden

Aantal pagina's:215

Uitgever:Springer International Publishing

Druk:2015

Hoofdrubriek:Economie

Serie:Financial and Monetary Policy Studies

Inhoudsopgave

Introduction.- Economic Theories of Deflation.- Causes of Deflation.- Consequences and Myths Concerning Deflation.- Two Historical Examples of Deflation.- Conclusion.