Dollars And Deficits: Inflation, Monetary Policy And The Balance Of Payments
Condition: SECONDHAND
This is a secondhand book. The jacket image is a photograph of the exact copy we have in stock. This image shows the condition of this book. Further condition remarks are below.
Condition remarks:
Book: Good
Jacket: No dust jacket
Pages: Good
Condition remarks: Condition as shown in image
At a time when the global economy teetered on the edge of monetary upheaval, Nobel Prize-winning economist Milton Friedman delivered a masterclass in economic clarity with Dollars and Deficits: Inflation, Monetary Policy and the Balance of Payments. Published in 1968, this seminal collection of essays argues with characteristic precision that inflation is always and everywhere a monetary phenomenon, dismantling prevailing Keynesian orthodoxies and laying bare the mechanisms by which government fiscal policy distorts markets, erodes purchasing power, and destabilises international balances of payment. Friedman's prose is as rigorous as it is accessible, marshalling empirical evidence and theoretical reasoning in equal measure to present a compelling case for monetarist economics at a pivotal moment in American and global financial history. His arguments anticipate the stagflation crises of the 1970s with almost prophetic accuracy, cementing his reputation as one of the twentieth century's most consequential economic thinkers. For students of economics, policy analysts, and anyone seeking to understand the intellectual foundations of modern monetary theory, this volume remains an indispensable — and startlingly relevant — text. What would the world look like today had its warnings been heeded sooner?
Author: Dr. Milton Friedman
Format: Paperback
Genre: Business & economics
Condition remarks:
Book: Good
Jacket: No dust jacket
Pages: Good
Condition remarks: Condition as shown in image
At a time when the global economy teetered on the edge of monetary upheaval, Nobel Prize-winning economist Milton Friedman delivered a masterclass in economic clarity with Dollars and Deficits: Inflation, Monetary Policy and the Balance of Payments. Published in 1968, this seminal collection of essays argues with characteristic precision that inflation is always and everywhere a monetary phenomenon, dismantling prevailing Keynesian orthodoxies and laying bare the mechanisms by which government fiscal policy distorts markets, erodes purchasing power, and destabilises international balances of payment. Friedman's prose is as rigorous as it is accessible, marshalling empirical evidence and theoretical reasoning in equal measure to present a compelling case for monetarist economics at a pivotal moment in American and global financial history. His arguments anticipate the stagflation crises of the 1970s with almost prophetic accuracy, cementing his reputation as one of the twentieth century's most consequential economic thinkers. For students of economics, policy analysts, and anyone seeking to understand the intellectual foundations of modern monetary theory, this volume remains an indispensable — and startlingly relevant — text. What would the world look like today had its warnings been heeded sooner?