Home | Amazing | Today | Tags | Publishers | Years | Account | Search 
Less Than Zero: The Case for a Falling Price Level in a Growing Economy (Hobart Papers)

Buy
One of main features of the 'counter-revolution' in economics which has resulted in the revival of classical liberal ideas has been a change in views about government's ability to control the economy. 'Fiscal fine tuning' is virtually discredited and monetary policy is no longer seen as a means of stimulating employment. Not just theory, but experience in many countries demonstrates that unemployment cannot for long be held below its 'natural' rate by monetary expansion. The proper role of monetary -authorities is now generally regarded as keeping the general price level under control.

As economists' views have changed and attention has switched from employment-promotion to price stability, so inflation has been checked in many countries to the extent that zero inflation now appears an achievable goal. But is a stable price level the ideal? That is the fundamental question which

Professor George Selgin asks in Hobart Paper 132. Professor Selgin argues instead for a monetary policy which would allow prices to vary with movements in productivity (either labour or total factor productivity). Rather than attempting to keep the general price level constant, a 'productivity norm' policy would permit that level to change to reflect variations in unit costs of production. The consequence, as Selgin points out, would in recent times have been year-onyear price declines rather than the inflation which has been experienced. In the 30 years after the Second World War, for example, United States consumer prices would have halved instead of almost tripling.
(HTML tags aren't allowed.)

Dyslexia, Dyspraxia and Mathematics
Dyslexia, Dyspraxia and Mathematics
Dyslexia, Dyspraxia and Mathematics is written by a teacher with many years experience of teaching mathematics to primary school dyslexic and dyspraxic children with a wide range of abilities. The book is designed to be a practical teaching guide. It offers detailed guidance and specific teaching suggestions to all specialist teachers, support...
Principles of the Business Rule Approach
Principles of the Business Rule Approach

The Business Rule Approach represents a major paradigm shift in business-system design and development. Employing a business-driven approach, the use of business rules has been proven to enhance the effectiveness, flexibility, and efficiency of business systems. The technology is appropriate...

Designing a Wireless Network
Designing a Wireless Network
Wireless network design presents the IT professional with unique obstacles. Your network requires the seamless and secure distribution of information, in spite of competing communication protocols, incompatible hardware platforms, and narrow bandwidths. This book is an introduction to developing efficient means of wireless transport in order to...

The Cable and Telecommunications Professionals' Reference, Volume 2, Third Edition: Transport Networks
The Cable and Telecommunications Professionals' Reference, Volume 2, Third Edition: Transport Networks
A thorough reference for any telecommunications or networking professional who needs to understand the convergence of telephony, data transfer, and wireless communications, from simple descriptions down to the math.

Volume 2 of TERB 3ed covers the convergence of telephony and data transport, including wireless networks. Now
...
Microsoft SharePoint 2013 App Development (Developer Reference)
Microsoft SharePoint 2013 App Development (Developer Reference)

Your guide to designing apps that extend the capabilities of your SharePoint site.

Take advantage of the most important new concept in Microsoft SharePoint 2013--the app. Led by two SharePoint experts, you’ll learn development techniques such as building app lists, creating event handlers, and the major classes in the object...

Raspberry Pi for Secret Agents
Raspberry Pi for Secret Agents

Turn your Raspberry Pi into your very own secret agent toolbox with this set of exciting projects!

Overview

  • Detect an intruder on camera and set off an alarm
  • Listen in or record conversations from a distance
  • Find out what the other computers on your network are up to
  • ...
©2021 LearnIT (support@pdfchm.net) - Privacy Policy