{"product_id":"inflation-policy-and-unemployment-theory-edmund-s-phelps-9780393330571","title":"Inflation Policy and Unemployment Theory: The Cost-Benefit Approach to Monetary Planning","description":"A major advance toward understanding the forces that lead to inflation and unemployment, this study takes a cost-benefit approach to monetary planning. Professor Phelps 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 questions of efficiency and resource allocation, he integrates the modern microeconomic theory of unemployment with the theory of optimal inflation. Another element of the analysis, the doctrine of optimum liquidity, is reassessed and found to require important revisions.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Edmund S. Phelps\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0393330575\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780393330571\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e W. W. Norton \u0026amp; Company\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/06\/1972\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 352\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.84lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.00h x 5.00w x 0.79d","brand":"Edmund S. Phelps","offers":[{"title":"Paperback","offer_id":47001156485375,"sku":"9780393330571","price":35.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_7e48127d-501a-4e3f-aaf8-cbe94d1e2733.jpg?v=1751600232","url":"https:\/\/www.whiterainbookhouse.com\/products\/inflation-policy-and-unemployment-theory-edmund-s-phelps-9780393330571","provider":"WR Book House","version":"1.0","type":"link"}