Inflation: The permanent problem of boom and bust / Robert Lekachman
Material type: TextPublication details: New York, NY: Random House, 1973.Edition: First editionDescription: 122 pages ; 22 cmISBN:- 0394489683
- 0394719875
- 332.4/1
- HG 538 .L45 1973
Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|
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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