Publisher's Synopsis
High Prices and Deflation is a book written by Edwin Walter Kemmerer, an American economist, in 1920. The book analyzes the causes and effects of high prices and deflation on the economy. Kemmerer argues that high prices and deflation are interconnected, and that they can have severe consequences on the economy and society as a whole.The book begins by defining high prices and deflation, and then explores the various factors that contribute to their occurrence. Kemmerer discusses the role of supply and demand, monetary policy, government regulations, and international trade in shaping the economy.The author also examines the impact of high prices and deflation on different sectors of the economy, such as agriculture, industry, and labor. He argues that high prices can lead to inflation, which in turn can cause economic instability and social unrest. Deflation, on the other hand, can lead to decreased production, unemployment, and a decline in the standard of living.Kemmerer concludes the book by proposing various solutions to address the problem of high prices and deflation. He suggests that monetary policy should be used to stabilize prices and that government intervention should be limited to prevent unintended consequences.Overall, High Prices and Deflation is a comprehensive analysis of the economic issues of the early 20th century. Although written almost a century ago, the book remains relevant today, as high prices and deflation continue to be major concerns for policymakers and economists.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
