30 July 2010
Less than Zero
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In this highly praised book from 1997, George Selgin argues that monetary policy should not have the goal of price stability, but should aim to allow prices to move in-line with movements in productivity (the so-called ‘productivity norm’). Radical and contrarian, this hugely original book is a mini-classic.
See also:
Good Money by George Selgin
How Markets Work: Disequilibrium, Entrepreneurship and Discovery by Israel M. Kirzner
The Austrian School by Jesus Huerta de Soto.
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