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In defense of deflation

Bagus, Philipp.

In defense of deflation

Record Type:	Electronic resources : Monograph/item
Title/Author:	In defense of deflationby Philipp Bagus.
Author:	Bagus, Philipp.
Published:	Cham :Springer International Publishing :2015.
Description:	xvii, 215 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Deflation (Finance)
Online resource:	http://dx.doi.org/10.1007/978-3-319-13428-4
ISBN:	9783319134284 (electronic bk.)

In defense of deflation
Bagus, Philipp.

In defense of deflation[electronic resource] /by Philipp Bagus. - Cham :Springer International Publishing :2015. - xvii, 215 p. :ill., digital ;24 cm. - Financial and monetary policy studies,v.410921-8580 ;. - Financial and monetary policy studies ;v.37..

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

This book analyses the causes and consequences of deflation. In contrast to the widespread believe 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.

ISBN: 9783319134284 (electronic bk.)

Standard No.: 10.1007/978-3-319-13428-4doiSubjects--Topical Terms:

712817
Deflation (Finance)

LC Class. No.: HG229

Dewey Class. No.: 332.41

In defense of deflation
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245 1 0 $a In defense of deflation $h [electronic resource] / $c by Philipp Bagus.
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490 1 $a Financial and monetary policy studies, $x 0921-8580 ; $v v.41
505 0 $a Introduction -- Economic Theories of Deflation -- Causes of Deflation -- Consequences and Myths Concerning Deflation -- Two Historical Examples of Deflation -- Conclusion.
520 $a This book analyses the causes and consequences of deflation. In contrast to the widespread believe 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.
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