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What Is Bad About Inflation?

John Hicks

in A Market Theory of Money

Published in print:
1989
Published Online:
November 2003
ISBN:
9780198287247
eISBN:
9780191596407
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287240.003.0016
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter argues that the bad thing about inflation is principally not its effects — the losses of ‘convenience and security’ to which older economists gave so much attention — but the weakening ... More


The 1920s: Crises and Currency Stabilizations

Charles H. Feinstein, Peter Temin, and Gianni Toniolo

in The World Economy between the World Wars

Published in print:
2008
Published Online:
May 2008
ISBN:
9780195307559
eISBN:
9780199867929
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195307559.003.0004
Subject:
Economics and Finance, Economic History

This chapter looks first at some of the critical financial developments in the 1920s. These include the problems of inflation and hyper-inflation which afflicted almost all the European economies, ... More


Freedom’s Prospect

David Harvey

in A Brief History of Neoliberalism

Published in print:
2005
Published Online:
November 2020
ISBN:
9780199283262
eISBN:
9780191917660
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780199283262.003.0011
Subject:
Earth Sciences and Geography, Social and Political Geography

In his annual message to Congress in 1935, President Roosevelt made clear his view that excessive market freedoms lay at the root of the economic and social problems ... More


The Self-Proclaimed Economic Wizard: Hjalmar Schacht in Germany, 1938–9

Alan Bollard

in Economists at War: How a Handful of Economists Helped Win and Lose the World Wars

Published in print:
2019
Published Online:
January 2020
ISBN:
9780198846000
eISBN:
9780191881244
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198846000.003.0003
Subject:
Economics and Finance, Economic History

Seeking an arms deal, Kung flew to Germany to meet Adolf Hitler. There he also met Hjalmar Schacht, the austere German Reichsbank head. Schacht was a clever banker who became famous for helping stem ... More


History as Prologue

Michael T. Rock

in Dictators, Democrats, and Development in Southeast Asia: Implications for the Rest

Published in print:
2016
Published Online:
October 2016
ISBN:
9780190619862
eISBN:
9780190619893
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190619862.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

While Indonesia, Malaysia, and Thailand are among the developing world’s development success stories, high sustained growth did not come easily. They followed on the heels of economic stagnation, ... More


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