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Less Than Zero: The Case for a Falling Price Level in a Growing Economy

De (autor): George Selgin

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Less Than Zero: The Case for a Falling Price Level in a Growing Economy - George Selgin

Less Than Zero: The Case for a Falling Price Level in a Growing Economy

De (autor): George Selgin

review Goodreads

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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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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