The Return of Inflation: Money and Capital in the 21st Century

A concise, jargon-free explanation of inflation past and present, and the world economy today.

Format: Paperback / softback
Length: 240 pages
Publication date: 09 October 2023
Publisher: Reaktion Books

The past year has witnessed a resurgence of inflation as a central concern for political leaders, economists, and the broader public. After two decades of perplexity regarding the low levels of inflation, even in the presence of substantial economic stimulus, economists have been caught off guard by the recent surge in price hikes. While there remains debate about the precise underlying factors driving the economy, there is a consensus that growth must be tempered to rein in inflation. In this context, Paul Mattick delves into both historical and contemporary perspectives, placing current events within the framework of capitalism's evolution. By offering a novel exploration of the nature of money itself, Mattick provides a concise and jargon-free explanation of the recent inflation phenomenon, as well as the official measures employed to address it. This analysis sheds light on the current state of our contemporary economy and sheds valuable insights into the challenges and opportunities facing policymakers and individuals alike.

Weight: 244g
Dimension: 137 x 215 x 16 (mm)
ISBN-13: 9781789147919