This book sets out to explain the complexity of why increased production does not that always bring with it lower prices. According to the book, those who look upon monetary expansion as a way to eradicate almost all unemployment fail to appreciate that persistent unemployment is a non-monetary or 'natural' economic condition, which no mount of monetary medicine can cure. Selgin explores the differences between these monetary and natural conditions, and proposes solutions of his own.
| ISBN: | 9780255364027 |
| Publication date: | 19th April 1997 |
| Author: | George Selgin |
| Publisher: | Institute of Economic Affairs (UK) an imprint of Institute of Economic Affairs |
| Format: | Hardback |
| Pagination: | 82 pages |
| Genres: |
Language and Linguistics Economics |
This book sets out to explain the complexity of why increased production does not that always bring with it lower prices. According to the book, those who look upon monetary expansion as a way to eradicate almost all unemployment fail to appreciate that persistent unemployment is a non-monetary or 'natural' economic condition, which no mount of monetary medicine can cure. Selgin explores the differences between these monetary and natural conditions, and proposes solutions of his own.
Less Than Zero features in the following genres: Language and Linguistics, Economics
Less Than Zero is available in Hardback
Less Than Zero was written by George Selgin and published by Institute of Economic Affairs (UK) an imprint of Institute of Economic Affairs
Less Than Zero has 82 pages