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Inflation : Theory and Policy by A. J. Hagger (auth.) is a nonfiction available to read on EtoBox.
What is Inflation : Theory and Policy about?
## DEFINITION AND MEASUREMENT 1.1 What is Inflation? The aim of this book is to give a comprehensive treatment of the problem of inflation. Thus the questions to be examined are: What are the causes of inflation? Why does it matter? How can it be stopped, or at least restrained? What other problems arise when action is taken to restrain inflation? Are these other problems so serious that it would be better, on balance, to allow a certain degree of inflation coupled with a comparatively small dose of these other problems than to have no inflation at all coupled with a somewhat larger dose of these other problems? If so, how large is the 'certain degree' of inflation that will have to be tolerated if the undesirable consequences of restraining inflation are to be kept within desirable limits? It need hardly be said that before we can come to grips with questions such as these we must know what inflation is and how it can be measured. The main purpose of this opening chapter will be to consider these matters. In the present section we shall be concerned with the problem of defining inflation, and in subsequent sections with the problem of its measurement. Like many economic concepts,
Who reads Inflation : Theory and Policy?
It is typically read by self-directed learners exploring a subject in depth.
Common subject areas: history, science, philosophy, social sciences.
- Author
- A. J. Hagger (auth.)
- Publisher
- Palgrave Macmillan UK
- Published
- 1977
- Language
- EN
- ISBN
- 9780333169391
- Category
- nonfiction
- Subjects
- Economics, Finance, Business