The Return of Inflation: Money and Capital in the 21st Centu

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ISBN: 9781789147919
Author : Paul Mattick
Published: 2023
Publisher: Reaktion Books
Number of pages: 240
Language: English
Format: Paperback

Description

Both a history and a contemporary analysis, an illuminating investigation of the defining economic concern of our time.

The last year has seen the return of inflation as a preoccupation of political decision-makers, economists, and the general public. After two decades of wondering why inflation was so low, despite vast economic stimulus, economists were surprised by the recent surge in price increases. Despite disagreement about what exactly is happening in the economy, there is unanimity in one belief: slowing growth to control inflation. To focus on inflation’s return, Paul Mattick looks at both the past and present, placing current events in the context of capitalism’s history. Exploring the nature of money itself, he provides a concise, jargon-free understanding of recent inflation as well as official efforts to control it, illuminating the state of our contemporary economy.

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