Disequilibrium Dynamics: A Theoretical Analysis of Inflation and Unemployment
by Katsuhito Iwai
Publisher: Yale University Press 1981
Number of pages: 334
The current crisis in economics compels certain of its basic assumptions to be reexamined critically. The focus of the book is the central assumption of the orthodox theory that prices and wages are determined in perfectly competitive markets by the impersonal force of the law of demand and supply.
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by Henry Hazlitt - Arlington House
The author attempted to analyze thoroughly and in depth nearly a score of major problems raised by inflation and chronic fallacies that are in large part responsible for its continuance. Henry Hazlitt is the author of numerous books in economics.
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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 government management.
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