Customer Reviews

The Death of Inflation: Surviving and Thriving in the Zero Era

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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.

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.