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Philipp Bagus
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In Defense of Deflation (Financial and Monetary Policy Studies, 41) 2015th Edition

by Philipp Bagus (Author)
5.0 5.0 out of 5 stars 2 ratings
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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.
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  1. ISBN-10
    3319134272
  2. ISBN-13
    978-3319134277
  3. Edition
    2015th
  4. Publisher
    Springer
  5. Publication date
    January 15, 2015
  6. Part of series
    Financial and Monetary Policy Studies
  7. Language
    English
  8. Dimensions
    6.14 x 0.56 x 9.21 inches
  9. Print length
    232 pages
  10. See all details
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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.

Product details

  • Publisher ‏ : ‎ Springer; 2015th edition (January 15, 2015)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 232 pages
  • ISBN-10 ‏ : ‎ 3319134272
  • ISBN-13 ‏ : ‎ 978-3319134277
  • Item Weight ‏ : ‎ 1.12 pounds
  • Dimensions ‏ : ‎ 6.14 x 0.56 x 9.21 inches
  • Customer Reviews:
    5.0 5.0 out of 5 stars 2 ratings

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Philipp Bagus

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5 out of 5 stars
5 out of 5
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Top review from the United States

William Hongsong Wang
5.0 out of 5 stars One of the best books on the issues of deflation
Reviewed in the United States on September 21, 2019
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One of the best books on the issues of deflation.
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