Book Description

For many Germans the hyperinflation of 1922 to 1923 was one of the most decisive experiences of the twentieth century. In his original and authoritative study, Bernd Widdig investigates the effects of that inflation on German culture during the Weimar Republic. He argues that inflation, with its dynamics of massification, devaluation, and the rapid circulation of money, is an integral part of modern culture and intensifies and condenses the experience of modernity in a traumatic way. ... Read more

Book Description

The author develops a macroeconomic theory of the market economy based on an empirical description and financial analysis at the microeconomic level.He describes various classes of borrowers, lenders, and market mediators and the special characteristics of each that influence the demand and supply for loans.

Paperback.240 pages. ... Read more

From the Publisher

The classic history of the French hyperinflation from 1790 to 1796. ... Read more

Reviews (4)

Want to be ahead of our future?
The book is about the financial trouble that fiat (e.g.,paper) money created in France during the revolutionary years. It also states clearly that the people didn't learn enough from a lesson they had 70 years early.

If you read this historical account you will very often wonder: 'Hey sounds familiar to me...'. Too bad - or?

Fascinating explanation of the runaway inflation in France
Fiat Money Inflation in France is as much about irrational human behavior as it is about financial crises and runaway inflation.White describes a dissillusioned public who, under the influence of increasingly self-servingpublic officials and orators, accepted more and more assignant printingseven though the perils of such printings had been documented throughouthistory and were then blatantly obvious right before there eyes.

Whitepresented this analysis of the runaway inflation in France to dissuade theUS Government of printing its own paper money.He was successful.

Abook worth reading.

A story about debt that seems to chronicle events today
A clear presentation of a governments desparate move using cheap inflated paper money to pay off old debts and its effects on france around 1790. This is not a dynamic novel, but mind bombs go off as the author hits the chain of events that occurred when money is inflated, and is backed only by only a promise to pay the debt it represents. The French find themselves mired in a cycle of ever increasing difficulty to pay that debt off. Although it is not a novel and at times a bit dry, you will definitely be talking to your friends and family about what this author has to say and comparing it to what you see happening now.

Gripping tale of effects of runaway inflation in France
Short book by college history professor can be read in one sitting.Easy to read, holds your attention throughout.Reveals effects of inflation. Even though it is a tale of history 200 years ago, as it goes along, the parallels with present day inflation in the United States are striking.It describes how individuals in the various professions fare under runaway inflation and it reveals which profession fared best, but I won't spoil the book for you by telling you now. Useful info. ... Read more

Book Description

In discussions on European pre-modern economic growth, the role of individual freedom and of the state has loomed large.This book examines whether different kinds of 'freedoms' (absolutist, parliamentary and republican) caused different economic outcomes, and shows the effect of different political regimes on long term development.It thus offers new answers to debates on the transition from feudalism to capitalism and on the causes of pre-industrial growth and divergence. ... Read more

Book Description

First published in 1937 ... Read more

Book Description

This is a new edition of Sterling in Decline with a new introduction by Barry Eichengreen. The book traces the decline of sterling from the world's pre-eminent currency alongside the dollar's rise to prominence. There are parallels to be drawn with the euro's emergence as a full-fledged competitor to the dollar for international currency status. The new introduction will bring sterling's story up to date and draw out the implications for the dollar and the euro.
... Read more

Book Description

This study examines the operations of the popular economy and social life of southern Nigerian people under the incoherent conditions that followed Nigeria's first currency devaluation in 1986. ... Read more

Download Description

If, for instance, the soil of the earth had been such, that, however well directed might have been the industry of man, he could not have produced from it more than was barely sufficient to maintain those, whose labour and attention were necessary to its products; though, in this case, food and raw materials would have been evidently scarcer than at present, and the land might have been, in the same manner, monopolized by particular owners; vet it is quite clear, that neither rent, nor any essential surplus produce of the land in the form of high profits, could have existed. ... Read more

Book Description

Imagine a world without inflation:prices rising in some years but falling in others; pay rising by 2 or 3% inthe good years, but static or falling in the bad ones; house prices are likely to fall as to rise; interest rates in the range of 2-4%.A purely imaginary world?No. ... Read more

Reviews (2)

A rethinking of economic theories
The author has successfully discussed the various theoretical works done on "inflation". It had been enlightening to know that many of the great, simple theories in economics simply did not say anything useful. The balanced approach in discussing each issue had been a key feature throughout the book. I would recommend that final year economic students and MBA students should read this excellently written book.

A Gold Mine of information from a Trusted Source
Few books match what is depicted in "the death of inflation"The importance of this work is even more obvious as we are now several years after the book was originally published.The historical perspective presented is quite interesting, and with the advent of the internet, labor is the true source of the "zero inflation" idea.Price competition is inherently deflationary.This long term study "of studies" will show the average reader that capital, like any other commodity, is just another "fixed asset" in the universe.There is neither more or less of it in the universe, which means that inflation, as we have come to know it, is nothing more than an illusion in the short term, and a fallacy in the long term. ... Read more

Book Description

This analysis of Israel's successful stabilization program challenges current thinking on macroeconomic policy. It reviews and examines the take-off of runaway inflation and of the subsequent stabilization policy in what can be seen as laboratory conditions. Since Israel's stabilization policy is one of only two which have actually succeeded, it offers important lessons to all East European and many Latin American countries in the design and implementation of these programs. Professional economists concerned with macroeconomics, money, credit and banking, monetary and banking theory, economic policy, and inflation and stabilization, as well as Latin American and East European scholars, will find this work extremely informative. ... Read more

Book Description

Hyclak examines the changes in the structure of wages paid for some 40 different jobs found in four different occupational groups in a sample of 20 urban labor markets. ... Read more

Book Description

Rudiger Dornbusch's articles on exchange rates and open economy macroeconomics are among the most frequently cited in the field of international economics. Collected for the first time in Exchange Rates and Inflation, these articles, written over the past fifteen years, cover a wide range of issues while providing unique insights into the research style of a major economist. During this period the economics profession has shifted from global monetarism to the new classical economics, and Dornbusch's own interests, and some of his beliefs, have changed as well.

Twenty two articles are gathered in four parts: Exchange Rate Theory; Special Topics in Exchange Rate Economics; Equilibrium Real Exchange Rates, and Inflation and Stabilization. Each part includes an introduction that discusses the essays and places them in context.

Rudiger Dornbusch is Ford International Professor of Economics at MIT ... Read more

Reviews (1)

The best book about Exchange Rates and Inflation
The best book about Exchange Rates and Inflation.

Dornbusch wrote a excellent book, this book is the best if you need to know about all the exchange rates theories and the relationship between Exchange Rates and Fiscal Policy. The book has chapters about Topics in Exchange Rates, Equilibrium Exchange Rates, Inflation and Stabilization and other topics. I recommend this book all the people be interesed in Exchange Rates Theories. ... Read more

Book Description

This ground-breaking book introduces macro accounting, a methodology that examines monetary dynamics in and among market-based societies. Most modern money emerges out of accounting documentation of private executory debt contracts within exchange processes. Currently, economic decisions are often made on data from sets of transactions decoupled from their reciprocating transactions--ignoring the basic exchange dynamic. Macro accounting illuminates complex coupling relationships characteristic of exchange economies. Swanson describes many simulations, varying both the way money-information markers are introduced and the structures of economies. Counter-intuitive results are sometimes obtained while some common perceptions are confirmed. ... Read more