The Economics Of Inflation - A Study Of Currency Depreciation In Post War Germany

by Costantino Bresciani - Turroni

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Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. Hesperides Press are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.

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Average Customer Review: 4 out of 5 stars

11 of 13 people found the following review helpful:

4 out of 5 stars

Good somewhat dry description of events, 2007-09-19
This is a description from an Economists view of the German Hyperinflation of 1917 - 1923 from an Economist who lived through that time.

It describes what asset groups and societal groups prospered and which did not.

IMHO it is required reading.

Here is a portion of the Forward, written in 1937:

The depreciation of the mark of 1914 - 23, which is the subject of this work, is one of the outstanding episodes in the history of the twentieth century. Not only by reason of its magnitude but also by reason of its effects, it looms large on our horizon. It was the most colossal thing of its kind in history: and, next probably to the Great War itself, it must bear responsibility for many of the political and economic difficulties of our generation. It destroyed the wealth of the more solid elements in German society: and it left behind a moral and economic disequilibrium, apt breeding ground for the disasters which have followed. Hitler is the foster child of the inflation... If we are to understand correctly the present position of Europe, we must not neglect the study of the great German inflation. If we are to plan for greater stability in the future, we must learn to avoid the mistakes from which it sprang...

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