An Analysis and History of Inflation
- Book Review,
by Don Paarlberg
Review
The 15 case studies are brief and interesting. A selected and useful reading list is included for each case.Choice
Book Description
This history and analysis examines fifteen great inflations--from Ancient Rome to the French Revolution to post-World War I Germany to modern-day Brazil--to provide an understanding of the causes of inflation. A unique feature of the book is the evidence presented that a moderate degree of inflation is usually accompanied by increased economic activity. Contrary to the views of many, moderate inflation appears to be welcomed by most people and assists in returning incumbent political leaders to power. In addition, the money illusion, the belief that money has constant value over time, is shown by the author to be grievously in error.
About the Author
DON PAARLBERG is Professor Emeritus in the Department of Agricultural Economics at Purdue University. In addition to teaching, he has served in the administrations of Presidents Eisenhower, Nixon, and Ford. Dr. Paarlberg is the author of seven books including, Great Myths of Economics (1968) and Toward a Well-Fed World (1988).
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