Money and Inflation

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  • Money and Inflation Book Detail

  • Author : Frank Hahn
  • Release Date : 1984-12
  • Publisher : Mit Press
  • Genre : Business & Economics
  • Pages : 116
  • ISBN 13 : 9780262580625
  • File Size : 25,25 MB

Money and Inflation by Frank Hahn PDF Summary

Book Description: On the basis of theoretical considerations and on the evidence of real-worldeconomies, Frank Hahn demonstrates in unequivocal terms that Monetarism offers an implausiblesolution to the most pervasive economic problems. He confronts the central issue of current economictheory by making the case that the growth of the money supply is not a necessary cause of inflation,as the Monetarists have assumed. And he contends that inflation is in any case not the overwhelmingsatanic force disrupting society and the economy that the strict Monetarists think it to be ontheoretical grounds and so many others feel it to be in terms of practical economic realities. It isthe tax systems, he points out, that are the real influence at work against the economies of theindustrialized nations.Frank Hahn, one of Britain's most eminent economists, is Professor ofEconomics at Cambridge University and author of Equilibrium and Macroeconomics (MIT Press1985).

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Martin Bronfenbrenner in the Journal of Finance had this to say when the book was first released "A thoughtful, scholarly, and systematic treatise on the econom