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In Defense of Deflation

philipp bagus (Autor)

Buch | Hardcover

XVII, 215 Seiten

2015 | 2015
Springer International Publishing (Verlag)
978-3-319-13427-7 (ISBN)

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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.

Philipp Bagus ist Professor für VWL an der Universidad Rey Juan Carlos in Madrid. Er veröffentlicht Beiträge in internationalen Fachzeitschriften wie Journal of Business Ethics, Independent Review und American Journal of Economics and Sociology. Seine Arbeiten wurden mehrfach ausgezeichnet.

Introduction.- Economic Theories of Deflation.- Causes of Deflation.- Consequences and Myths Concerning Deflation.- Two Historical Examples of Deflation.- Conclusion.

Erscheint lt. Verlag	15.1.2015
Reihe/Serie	Financial and Monetary Policy Studies
Zusatzinfo	XVII, 215 p. 14 illus.
Verlagsort	Cham
Sprache	englisch
Maße	155 x 235 mm
Gewicht	492 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
Schlagworte	Bank Credit Deflation • Deflation • Falling Prices • Great Depression • monetary policy
ISBN-10	3-319-13427-2 / 3319134272
ISBN-13	978-3-319-13427-7 / 9783319134277
Zustand	Neuware