Less Than Zero : The Case for a Falling Price Level in a Growing Economy
Less Than Zero : The Case for a Falling Price Level in a Growing Economy
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Author(s): Selgin, George
ISBN No.: 9780255364027
Pages: 82
Year: 199704
Format: Trade Cloth (Hard Cover)
Price: $ 14.06
Dispatch delay: Dispatched between 7 to 15 days
Status: Available

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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