Assesses the implications of inflationary processes for economic policy. This book synthesizes a general framework within which to illustrate inflationary processes. It reconciles the approaches of "demand inflation" and "cost inflation"; and analyzes the determination and behavior of the general price level in an exchange economy.
Martin Bronfenbrenner in the Journal of Finance had this to say when the book was first released "A thoughtful, scholarly, and systematic treatise on the economics of inflation
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