Inflation and the Theory of Money.

Ball, R J

Verlag: Unwin, 1964
ISBN 10: 0043320031 / ISBN 13: 9780043320037
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313p white paperback, from a Cambridge college library, fitted with transparent stiff film, a few minor pencil marks, this title was published in the series Minerva Series. Buchnummer des Verkäufers

Über diesen Titel:

Inhaltsangabe: Martin Bronfenbrenner in the Journal of Finance had this to say when the book was first released: "A thoughtful, scholarly, and systematic treatise on the economics of infl ation. If this reviewer were asked to hang a course on infl ation theory upon one single text, it would almost certainly be this one." The principal concern of this book is to set out the elements that enter into problems of analyzing infl ation. This detailed, readable review of contemporary theory on the problems of infl ation fi lls an important gap in the literature on macro-economics that: 1) assesses the implications of infl ationary processes for economic policy; 2) synthesizes a general framework within which to illustrate inflationary processes; 3) reconciles the approaches of "demand infl ation" and "cost infl ation"; and 4) analyzes the determination and behavior of the general price level in an exchange economy.

Rezension: "[T]his volume makes its principal mark as a thoughtful, scholarly, and systematic treatise on the economics of inflation.... [I]f this reviewer were asked to hang a course on inflation theory (or the "inflation theory" term of some longer course or seminar) upon one single text, it would almost certainly be this one." --M. Bronfenbrenner, The Journal of Finance "Mr. Ball's macro-economic model of inflation is ingenious. It enables the four main strands of thought in modern inflation theory--demand influences, cost influences, price formation theory and monetary influences--to be brought together in simple supply and demand-type diagrams. The model draws on the author's own impressive econometric studies.... The model is a useful one for teaching purposes and is a definite contribution to the theory of inflation." --G. C. Harcourt, The Economic Journal "Ball gives a useful discussion of the many problems of devising a theory of inflation." --Phillip Cagan, The American Economic Review "In Inflation and the Theory of Money Professor Ball makes explicit the interrelationship among the main strands of inflation analysis--the balance between desired and actual stocks of money, the balance between the demand for and the available supply of goods and services, and the autonomous shift in the money-wage level--and integrates them into a general theory of the price level. Both the integration and the book itself (which is aimed at "third-year specialists of economics and first-year postgraduate students") are successful.... Ball, in ranging over several areas of both micro- and macroeconomics and integrating them into a satisfying theoretical construct, has indeed rendered the profession of a service. Even those opposed to his analysis will appreciate his approach." --Thomas Courchene, Journal of Political Economy

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Bibliografische Details

Titel: Inflation and the Theory of Money.
Verlag: Unwin
Erscheinungsdatum: 1964
Zustand: Good

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Ball, R. J.:
Verlag: London, Allen and Unwin, . (1964)
Gebraucht Anzahl: 1

Buchbeschreibung London, Allen and Unwin, ., 1964. 313 S. m. Abb. Ppbd, OU Umschlag leicht berieben, m. Randläsur; sonst sehr gut The Minerva Series, No. 12. Artikel-Nr. 11495

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