PHELPS, Edmund S.
Inflation Policy and Unemployment Theory: The Cost-Benefit Approach to Monetary Planning.
New York: W. W. Norton & Company, Inc , 1972.
$1,250.00
In Stock
Item Number: RRB-115886
+$500
First edition of Inflation Policy and Unemployment Theory; Signed by Nobel Prize-Winning Economist Edmund Phelps
First edition of the Nobel Prize-winning economist's study in economic policy and theory. Octavo, original cloth. Boldly signed by Edmund Phelps on the title page. Near fine in a very good price-clipped dust jacket. Jacket design by Tom Lincoln.
A major advance toward understanding the forces that lead to inflation and unemployment, this study takes a cost-benefit approach to monetary planning. The Nobel Prize-winning economist views a reduction of inflation by monetary means as a social investment and argues that such an investment must be subjected to cost-benefit tests. By extending his analysis into question of efficiency and resource allocation, he integrates the modern microeconomic theory of unemployment theory with the theory of optimal inflation.
Inflation Policy and Unemployment Theory: The Cost-Benefit Approach to Monetary Planning.
$1,250.00
In Stock
