Analyzes the deflation theories of Thorstein Veblen, Irving Fisher, Joseph A Schumpeter, and Hyman Minsky. In so doing, this work develops a paradigm for understanding the phenomenon of deflation. It also provides a re-examination of the literature and theories of deflation.In a curious way, the stock market crash of 1 929 and the Great Depression of the 1930s invalidated both Veblena#39;s and Irving Fishera#39;s interpretations of economic and financial developments in the 1920s. Until the latter part of the decade of the anbsp;...
|Title||:||Debt, Innovations, and Deflation|
|Author||:||J. Patrick Raines, Charles G. Leathers|
|Publisher||:||Edward Elgar Publishing -|