Download or read book A Moral History of the Inflation written by Hans Ostwald and published by The Obolus Press. This book was released on 2023-03-21 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Journalist Hans Ostwald (1873–1940) describes life in Germany during the early 1920s, a period when money lost its value so quickly that people used eggs rather than cash as units of exchange. Rich in anecdotes and contemporary reports, the book discusses both the social and psychological effects of the hyperinflation: grinding poverty, an increase in crime, a decline in moral standards, and a frenzied desire to make the most of the present, since no one could be certain of what the future might hold. “It was a time of significant revaluation — in material as well as in spiritual things. He who had been rich and able to indulge in every worldly pleasure soon counted himself lucky if some well-meaning people offered him a bowl of warm soup. Lowly clerks became bank directors overnight, with seemingly inexhaustible funds at their command. In those days, for- eigners who lived on small pensions at home could come to Germany and live like kings. Everything seemed to have been turned upside down.” Although Ostwald’s moral history has often been cited in works dealing with the Weimar Republic, this is the first complete English translation. It contains more than a hundred photographs and illustrations.
Download or read book Monetary Regimes and Inflation written by Peter Bernholz and published by Edward Elgar Publishing. This book was released on 2015-04-30 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of
Download or read book What You Should Know about Inflation written by Henry Hazlitt and published by Ludwig von Mises Institute. This book was released on 1960 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis and History of Inflation written by Don Paarlberg and published by Praeger. This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This history and analysis examines fifteen great inflations--from Ancient Rome to the French Revolution to post-World War I Germany to modern-day Brazil--to provide an understanding of the causes of inflation. A unique feature of the book is the evidence presented that a moderate degree of inflation is usually accompanied by increased economic activity. Contrary to the views of many, moderate inflation appears to be welcomed by most people and assists in returning incumbent political leaders to power. In addition, the money illusion, the belief that money has constant value over time, is shown by the author to be grievously in error. Presenting views which are at odds with much of mainstream economics, Paarlberg concludes that inflation is caused by an excess of money, and since the creation of money is a government monopoly,governments are responsible for inflation. Additionally, various macroeconomic theories are unable to account for gyrations of production and prices. The best explanation for these matters, therefore, is to be found in institutional economics, which takes into regard whatever forces exist rather than focusing on a select few while purporting to hold others constant. This thoughtful work will be of interest to scholars, students, and laypersons in economics and economic history.
Download or read book The Economics of Inflation written by Constantino Bresciani-Turroni and published by Routledge. This book was released on 2013-05-13 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Inflation provides a comprehensive analysis of economic conditions in Germany under the Great Inflation and discusses inflationary conditions in general. The analysis is supported by extensive statistical material. * For this translation the author thoroughly revised the original work * Includes an appendix on German economic conditions in the years following the monetary reform, 1923-24
Download or read book Moral Aspects of Inflation written by Ronald Brech and published by . This book was released on 1948 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book What Adam Smith Knew written by James R. Otteson and published by Encounter Books. This book was released on 2014-11-04 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: What exactly is capitalism, and why do its advocates support it? What are the main objections to capitalism that have been raised by its critics? Are there moral reasons to support capitalism, or to oppose it? In this time of globalization and economic turbulence, these questions could not be more timely or more important. This book provides some answers through seminal readings on the nature, purpose, and effects of capitalism as understood by its most influential expositors, both historical and contemporary. In addition to Adam Smith himself, the selections gathered here include essays and excerpts by thinkers ranging from Locke and Rousseau to Hayek and Cass Sunstein. All are chosen and arranged to highlight the ways that capitalism bears on a set of fundamental human concerns: liberty, equality, social order, virtue and motivation. If you want to develop an informed judgment about whether markets and morality mix, this anthology is a good place to begin.
Download or read book The Great Inflation and Its Aftermath written by Robert J. Samuelson and published by Random House Trade Paperbacks. This book was released on 2010-01-26 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Inflation in the 1960s and 1970s, notes award-winning columnist Robert J. Samuelson, played a crucial role in transforming American politics, economy, and everyday life. The direct consequences included stagnation in living standards, a growing belief—both in America and abroad—that the great-power status of the United States was ending, and Ronald Reagan’s election to the presidency in 1980. But that is only half the story. The end of high inflation led to two decades of almost uninterrupted economic growth, rising stock prices and ever-increasing home values. Paradoxically, this prolonged prosperity triggered the economic and financial collapse of 2008 and 2009 by making Americans—from bank executives to ordinary homeowners—overconfident, complacent, and careless. The Great Inflation and its Aftermath, Samuelson contends, demonstrated that we have not yet escaped the boom-and-bust cycles common in the nineteenth and early twentieth centuries. This is a sobering tale essential for anyone who wants to understand today’s world.
Download or read book The inflation crisis and how to resolve it written by Henry Hazlitt and published by Ludwig von Mises Institute. This book was released on 1978 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Mischief written by Milton Friedman and published by HMH. This book was released on 1994-03-31 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nobel Prize–winning economist explains how value is created, and how that affects everything from your paycheck to global markets. In this “lively, enlightening introduction to monetary history” (Kirkus Reviews), one of the leading figures of the Chicago school of economics that rejected the theories of John Maynard Keynes offers a journey through history to illustrate the importance of understanding monetary economics, and how monetary theory can ignite or deepen inflation. With anecdotes revealing the far-reaching consequences of seemingly minor events—for example, how two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, and how FDR’s domestic politics helped communism triumph in China—as well as plain-English explanations of what the monetary system in the United States means for your personal finances and for everyone from the small business owner on Main Street to the banker on Wall Street, Money Mischief is an enlightening read from the author of Capitalism and Freedom and Free to Choose, who was called “the most influential economist of the second half of the twentieth century” by the Economist.
Download or read book The Immoratility of Inflation written by and published by . This book was released on 1970 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tariffs Blockades and Inflation written by Robert B. Ekelund and published by Rowman & Littlefield Publishers. This book was released on 2004-01-01 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: What role did economics play in leading the United States into the Civil War in the 1860s, and how did the war affect the economies of the North and the South? Tariffs, Blockades, and Inflation uses contemporary economic analyses such as supply and demand, modern market theory, and the economics of politics to interpret events of the Civil War. Simplifying the sometimes complex intricacies of the subject matter, Thornton and Ekelund have penned a nontechnical primer that is jargon-free and accessible. Tariffs, Blockades, and Inflation also takes a comprehensive approach to its topic. It offers a cohesive and a persuasive explanation of the how, what, and why behind the many factors at work on both sides of the contest. While most books only delve into a particular aspect of the war, this title effectively bridges the gap by offering an all-encompassing, yet relatively brief, introduction to the essential economics of the Civil War. This book starts out with a look at the reasons for the beginning of the Civil War, including explaining why the war began when it did. It then examines the economic realities in both the North and South. Also covered are the different financial strategies implemented by both the Union and the Confederacy to fund the war and the reasons behind what ultimately led to Southern defeat. Finally, the economic effect of Reconstruction is discussed, including the impact it had on the former slave population. Thornton and Ekelund have contributed an overdue examination of the Civil War that will impart to students a modern way to better comprehend the conflict. Tariffs, Blockades, and Inflation offers fresh, penetrating insights into this pivotal event in American history.
Download or read book Ethics of Money Production written by Jörg Guido Hülsmann and published by Ludwig von Mises Institute. This book was released on 2008 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book What You Should Know About Inflation written by Henry Hazlitt and published by . This book was released on 2007 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book's title-What You Should Know About Inflation-only hints at the extent of the issues that Hazlitt addresses. He presents the Austrian theory of money in the clearest possible terms, and contrasts it with the fallacies of government management. He takes on not only the Keynesians but also the monetarists, as well as anyone who believes that government debt accumulation and manipulation of interest rates are harmless. So this book is about far more than inflation. He touches on a wide variety of macroeconomic topics, any area of economic policy that is related to the monetary regime, including budget and trade issues, as well has the economic history of inflation. Neither does he neglect the moral cost of inflation: It is not merely that inflation breeds dishonesty in a nation. Inflation is itself a dishonest act on the part of government, and sets the example for private citizens. When modern governments inflate by increasing the paper-money supply, directly or indirectly, they do in principle what kings once did when they clipped coins. Diluting the money supply with paper is the moral equivalent of diluting the milk supply with water. Notwithstanding all the pious pretenses of governments that inflation is some evil visitation from without, inflation is practically always the result of deliberate governmental policy. Particularly interesting is the final section of the book in which Hazlitt critiques various proposals for monetary reform and then presents his view. What is Hazlitt's own idea for monetary reform? He wants competitive monies, which he believes will be based in precious metal. He doesn't demand that governments get out of the monetary business altogether but merely that government permit everyone to choose to use any money and make any form of contract. Hazlitt lays out a scenario that he believes will lead to a 100 percent gold standard rooted in private coinage. In effect, he argues that private markets can do for money what private services have done to a whole host of government ones: outcompete and displace them. It is a challenging thesis, particularly because it doesn't depend on any reform other than freeing the market.
Download or read book Fragile by Design written by Charles W. Calomiris and published by Princeton University Press. This book was released on 2015-08-04 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.
Download or read book A Moral History of Monetary and Fiscal Policies written by Valentin Lazea and published by Cambridge Scholars Publishing. This book was released on 2024-07-24 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Did you know that the first paid holiday was introduced by Germany in 1903? Or that Frank L. Baum wrote “The Wizard of Oz” inspired by the march of Ohioan unemployed upon Washington D.C.? Or that, until 1974, married American women could not own a credit card without their husbands’ approval? All these things and many more you can find in the book “A Moral History of Monetary and Fiscal Policies”, written by the National Bank of Romania’s Chief Economist Valentin Lazea. The volume targets specialists in history, economics or sociology, but also lay people. The three parts of the volume finish with three provocative questions: Did the Gold Standard era represent a period of fierce exploitation of the working–class? Did the rise of Nazism represent an inevitable consequence of orthodox macroeconomic policies? Was Nicolae Ceausescu wrong in repaying all Romania’s external debt in the ‘80s?
Download or read book Priced Out written by Uwe E. Reinhardt and published by Princeton University Press. This book was released on 2020-09 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uwe Reinhardt was a towering figure and moral conscience of health care policy in the United States and beyond. Famously bipartisan, he advised presidents and Congress on health reform and originated central features of the Affordable Care Act. In Priced Out, Reinhardt offers an engaging and enlightening account of today's U.S. health care system, explaining why it costs so much more and delivers so much less than the systems of every other advanced country, why this situation is morally indefensible, and how we might improve it.
