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Synopsis
In this new edition of his highly praised 1997 book, George Selgin argues that monetary policy should not have the goal of price stability, but should aim to allow prices to move in-line with movements in productivity (the so-called "productivity norm"). Radical and contrarian, this hugely original book remains a mini-classic.
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Review
"Selgin's monograph should become required reading for every central banker."
-- DAVID BECKWORTH, Senior Research Fellow with the Program on Monetary Policy at the Mercatus Center
"In Less Than Zero, George Selgin cuts through the confusions that govern most thinking about monetary policy. It changed my thinking about deflation and inflation when it was first published, and it may do the same for yours."
-- RAMESH PONNURU, Senior Editor, National Review
"About this title" may belong to another edition of this title.
- PublisherCato Institute
- Publication date2018
- ISBN 10 1948647109
- ISBN 13 9781948647106
- BindingPaperback
- LanguageEnglish
- Edition number2
- Number of pages188
- Rating
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Less Than Zero: The Case for a Falling Price Level in a Growing Economy (Paperback or Softback)
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Less Than Zero: The Case for a Falling Price Level in a Growing Economy
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