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Less Than Zero: The Case for a Falling Price Level in a Growing Economy (Large Print Edition)
Paperback
ISBN13: 9781495294280
Publisher: Createspace
Published: Jan 22 2014
Pages: 84
Weight: 0.41
Height: 0.17 Width: 7.99 Depth: 10.00
Language: English
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.
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