| In Defense of Deflation Softcover Repri Edition Contributor(s): Bagus, Philipp (Author) |
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ISBN: 3319366769 ISBN-13: 9783319366760 Publisher: Springer OUR PRICE: $113.99 Product Type: Paperback - Other Formats Published: September 2016 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics - Business & Economics | Finance - General - Political Science | Public Policy - Economic Policy |
| Dewey: 332 |
| Series: Financial and Monetary Policy Studies |
| Physical Information: 0.5" H x 6.14" W x 9.21" (0.74 lbs) 215 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |