Inflation: The permanent problem of boom and bust / Robert Lekachman

By: Material type: TextTextPublication details: New York, NY: Random House, 1973.Edition: First editionDescription: 122 pages ; 22 cmISBN:
  • 0394489683
  • 0394719875
Subject(s): DDC classification:
  • 332.4/1
LOC classification:
  • HG 538 .L45 1973
Online resources:
Contents:
I The process -- II The causes -- III What can be done? -- IV Conclusion
Summary: "Like most inflations, the present one began in a war - specifically in Lyndon Johnson's refusal to restrain the economy in the mid-sixties. And like most inflations, the present one, according to Professor Lekachman, will sooner or later produce a recession. In this short, lucid and indispensable book, Professor Lekachman describes the general and specific causes of inflation, suggests appropriate antidotes, and concludes that the political opposition of large corporations and other powerful interests makes such solutions all but impossible to legislate and enforce. The typical result is that the weaker elements of society -- that is, the majority of the citizens -- are forced to suffer not only the high costs of inflation, but the restraints of the subsequent recession." -- from the back cover
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Holdings
Item type Current library Collection Call number Status Date due Barcode
BOOKS BOOKS Niebyl-Proctor Marxist Library General Stacks The Karl H. Niebyl Collection HG 538 .L45 1973 (Browse shelf(Opens below)) Not For Loan NPML20050035

I The process -- II The causes -- III What can be done? -- IV Conclusion

"Like most inflations, the present one began in a war - specifically in Lyndon Johnson's refusal to restrain the economy in the mid-sixties. And like most inflations, the present one, according to Professor Lekachman, will sooner or later produce a recession. In this short, lucid and indispensable book, Professor Lekachman describes the general and specific causes of inflation, suggests appropriate antidotes, and concludes that the political opposition of large corporations and other powerful interests makes such solutions all but impossible to legislate and enforce. The typical result is that the weaker elements of society -- that is, the majority of the citizens -- are forced to suffer not only the high costs of inflation, but the restraints of the subsequent recession." -- from the back cover

Donation from Karl and Elizabeth Niebyl.

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