Less Than Zero: Case for a Falling Price in a Growing Economy

George Selgin

Format
Paperback
Publisher
Institute of Economic Affairs
Country
United Kingdom
Published
19 April 1997
Pages
82
ISBN
9780255364027

Less Than Zero: Case for a Falling Price in a Growing Economy

George Selgin

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.

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