This book sets out to explain the complexity of why increased production does not that always bring with it lower prices. According to the book, those who look upon monetary expansion as a way to eradicate almost all unemployment fail to appreciate that persistent unemployment is a non-monetary or 'natural' economic condition, which no mount of monetary medicine can cure. Selgin explores the differences between these monetary and natural conditions, and proposes solutions of his own.
- ISBN10 0255364024
- ISBN13 9780255364027
- Publish Date 19 April 1997
- Publish Status Out of Stock
- Publish Country GB
- Imprint Institute of Economic Affairs
- Format Paperback
- Pages 82
- Language English