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George Selgin : Less Than Zero: The Case for a Falling Price Level in a Growing Economy (Hobart Papers)
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Author: George Selgin
Title: Less Than Zero: The Case for a Falling Price Level in a Growing Economy (Hobart Papers)
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Published in: English
Binding: Paperback
Pages: 82
Date: 1997-08
ISBN: 0255364024
Publisher: Coronet Books Inc
Weight: 0.26 pounds
Size: 5.39 x 0.0 x 8.5 inches
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Description: Product Description
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.
URL: http://bookmooch.com/0255364024
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