Debt, Innovations, and Deflation

Debt, Innovations, and Deflation

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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 -


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