Imagine a world without inflation: prices rising in some years but falling in others; pay rising by 2 or 3% inthe good years, but static or falling in the bad ones; house prices are likely to fall as to rise; interest rates in the range of 2-4%. A purely imaginary world? No.
| |||||||||||||||
Book Description
Editorial Reviews
From Publishers Weekly
Controversial in Britain, Bootle's brisk, clearly written report predicts that we are gradually returning to a world of zero inflation, much like the era immediately after WWII before perpetual inflation set in. In this new anti-inflationary environment, he forecasts, the price of housing will be as likely to go down as up; automatic annual pay raises will disappear; retail prices will rise in some years, fall in others; and interest rates will remain in the 2%-4% range. Bootle, a business professor in Britain and chief economist of Hong Kong Shanghai Banking Corp., spells out the implications of zero inflation for individuals, corporations, investors and governments, dispensing often unorthodox advice. On a global scale, he predicts that monetary authorities' fears about resurgent inflation could cause them to set interest rates too high, thereby triggering a slump. Though Bootle overstates his case, his book provides a new slant on the economic terrain.
Copyright 1996 Reed Business Information, Inc.
Copyright 1996 Reed Business Information, Inc.
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, read author blogs, and more.
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
2 of 2 people found the following review helpful:
5.0 out of 5 stars
A Gold Mine of information from a Trusted Source,
By Shawn A. Mesaros (Seattle, WA United States) - See all my reviews
This review is from: The Death of Inflation: Surviving and Thriving in the Zero Era (Paperback)
Few books match what is depicted in "the death of inflation" The importance of this work is even more obvious as we are now several years after the book was originally published. The historical perspective presented is quite interesting, and with the advent of the internet, labor is the true source of the "zero inflation" idea. Price competition is inherently deflationary. This long term study "of studies" will show the average reader that capital, like any other commodity, is just another "fixed asset" in the universe. There is neither more or less of it in the universe, which means that inflation, as we have come to know it, is nothing more than an illusion in the short term, and a fallacy in the long term.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
A rethinking of economic theories,
By Ang Kor Lin (Singapore) - See all my reviews
This review is from: The Death of Inflation: Surviving and Thriving in the Zero Era (Hardcover)
The author has successfully discussed the various theoretical works done on "inflation". It had been enlightening to know that many of the great, simple theories in economics simply did not say anything useful. The balanced approach in discussing each issue had been a key feature throughout the book. I would recommend that final year economic students and MBA students should read this excellently written book.
Share your thoughts with other customers: Create your own review
|
|
Tag this product(What's this?)Think of a tag as a keyword or label you consider is strongly related to this product.
Tags will help all customers organize and find favorite items. |
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
