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Money and Inflation

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Author Info

  • Frank Hahn

    (University of Cambridge)

Abstract

On the basis of theoretical considerations and on the evidence of real-world economies, Frank Hahn demonstrates in unequivocal terms that Monetarism offers an implausible solution to the most pervasive economic problems. He confronts the central issue of current economic theory by making the case that the growth of the money supply is not a necessary cause of inflation, as the Monetarists have assumed. And he contends that inflation is in any case not the overwhelming satanic force disrupting society and the economy that the strict Monetarists think it to be on theoretical grounds and so many others feel it to be in terms of practical economic realities. It is the tax systems, he points out, that are the real influence at work against the economies of the industrialized nations.

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Bibliographic Info

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This book is provided by The MIT Press in its series MIT Press Books with number 0262580624 and published in 1985.

Volume: 1
Edition: 1
ISBN: 0-262-58062-4
Handle: RePEc:mtp:titles:0262580624

Contact details of provider:
Web page: http://mitpress.mit.edu

Related research

Keywords: Monetarism; inflation; tax systems;

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