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Debt, Innovations, and Deflation

Author

Listed:
  • J. Patrick Raines
  • Charles G. Leathers

Abstract

In Debt, Innovations, and Deflation, the authors analyze the deflation theories of Thorstein Veblen, Irving Fisher, Joseph A. Schumpeter, and Hyman Minsky. In so doing, they develop a paradigm for understanding the phenomenon of deflation. They explain how technological, organizational, and financial innovations, combined with developments related to the creation and use of debt, give rise to conditions in which both deflation and inflation can be present in the modern economy.

Suggested Citation

  • J. Patrick Raines & Charles G. Leathers, 2008. "Debt, Innovations, and Deflation," Books, Edward Elgar Publishing, number 4153.
    • Handle: RePEc:elg:eebook:4153
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    File URL: http://www.e-elgar.com/shop/isbn/9781845427856
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    Citations

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    Cited by:

    1. Charles G. Leathers & J. Patrick Raines, 2012. "Thorstein Veblen," Chapters, in: Jan Toporowski & Jo Michell (ed.), Handbook of Critical Issues in Finance, chapter 43, pages i-ii, Edward Elgar Publishing.
    2. Bill Lucarelli, 2011. "The Economics of Financial Turbulence," Books, Edward Elgar Publishing, number 14252.
    3. Giorgos Argitis, 2013. "Veblenian and Minskian financial markets," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 28-43.
    4. Jan Toporowski & Jo Michell (ed.), 2012. "Handbook of Critical Issues in Finance," Books, Edward Elgar Publishing, number 14083.

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • G0 - Financial Economics - - General

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