Money and Inflation. (Mitsui Lectures in Economics).

HAHN, Frank

ISBN 10: 0262081296 / ISBN 13: 9780262081290

Published by Oxford: Basil Blackwell (Mitsui Lectures in Economics), 1982

About this Item

pp.xii, 116 pages, hardback, a very good copy in a very good dust-jacket [0262081296].

Seller Inventory # 47232

Bibliographic Details

• Title: Money and Inflation. (Mitsui Lectures in Economics).
• Publisher: Oxford: Basil Blackwell (Mitsui Lectures in Economics)
• Publication Date: 1982
• Language: English
• ISBN 10: 0262081296
• ISBN 13: 9780262081290
• Binding: Hardcover
• Condition: Very Good
• Dust Jacket Condition: Dust Jacket Included

About this title

Synopsis

On the basis of theoretical considerations and on the evidence of real-world economies, Frank Hahn demonstrates in unequivocal terms that Monetarism offers an implausible solution to the most pervasive economic problems.

Review

" Hahn picks away at the foundations of some recent economic analysis; he points to the absence of any acceptable theory of expectations; to the disturbing fact that even with certainty, and with correct predictions built into the model, shocks to the economic system can still result; to the difficulties and contradictions inherent in the idea of the 'neutrality' of money with respect to 'real' variables; and, most scathingly of all, to the extraordinary character of the monetarist claim that involuntary unemployment not only does not exist but has no useful meaning. These summaries do less than justice to the subtlety and specificity of argument involved, or to the book's engaging ... mixture of vigour, cleverness, and elliptical egocentricity." - "London Review of Books"

& quot; Hahn picks away at the foundations of some recent economic analysis; he points to the absence of any acceptable theory of expectations; to the disturbing fact that even with certainty, and with correct predictions built into the model, shocks to the economic system can still result; to the difficulties and contradictions inherent in the idea of the 'neutrality' of money with respect to 'real' variables; and, most scathingly of all, to the extraordinary character of the monetarist claim that involuntary unemployment not only does not exist but has no useful meaning. These summaries do less than justice to the subtlety and specificity of argument involved, or to the book's engaging ... mixture of vigour, cleverness, and elliptical egocentricity.& quot; - London Review of Books

"Hahn picks away at the foundations of some recent economic analysis; he points to the absence of any acceptable theory of expectations; to the disturbing fact that even with certainty, and with correct predictions built into the model, shocks to the economic system can still result; to the difficulties and contradictions inherent in the idea of the 'neutrality' of money with respect to 'real' variables; and, most scathingly of all, to the extraordinary character of the monetarist claim that involuntary unemployment not only does not exist but has no useful meaning. These summaries do less than justice to the subtlety and specificity of argument involved, or to the book's engaging ... mixture of vigour, cleverness, and elliptical egocentricity."- "London Review of Books"