In Defense of Deflation
1st Edition
Published on 26. December 2014
XVII, 215 pages
978-3-319-13428-4 (ISBN)
Description
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.
More details
Series
Language
English
Place of publication
Cham
Switzerland
Publishing group
Springer International Publishing
Target group
Professional and scholarly
Product notice
Reflowable
Illustrations
XVII, 215 p. 14 illus.
File size
2,83 MB
ISBN-13
978-3-319-13428-4 (9783319134284)
DOI
10.1007/978-3-319-13428-4
Schweitzer Classification
Other editions
Additional editions
Content
Introduction.- Economic Theories of Deflation.- Causes of Deflation.- Consequences and Myths Concerning Deflation.- Two Historical Examples of Deflation.- Conclusion.
