A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
An analysis of the benefits and consequences of deflation considers the possible link between significant historical deflation and the Great Depression, citing the causes of deflation while arguing for controlled and moderate deflation as a natural part of the economic cycle.
A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Explores economic impacts of falling prices and deflation.
Who is this book for?
If you’re interested in understanding how falling prices can shape economies, this book offers a clear and insightful analysis. It ties historical events like the Great Depression to present economic theories, making it perfect for those curious about economic cycles and policy making. You’ll find it a compelling read to grasp the delicate balance of inflation and deflation.
