Deflation and Liberty by Jörg Guido Hülsmann

Author:Jörg Guido Hülsmann [Jörg Guido Hülsmann]
Language: eng
Format: epub
ISBN: 978-1-93355-035-0
Publisher: Ludwig von Mises Institute
Published: 2008-11-06T16:00:00+00:00

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16This is also recognized, implicitly at least, in the few works of management literature that deal with entrepreneurship in a deflationary environment. See for example Daniel Stelter, Deflationäre Depression: Konsequenzen für das Management (Wiesbaden: Deutscher Universitäts-Verlag, 1991); A.G. Shilling, Deflation: Why It’s Coming, Whether It’s Good or Bad, and How It Will Affect Your Investments, Business, and Personal Affairs (Short Hill, N.J.: Lakeview, 1998); idem, Deflation: How to Survive and Thrive in the Coming Wave of Deflation (New York: McGraw-Hill, 1999); Robert R. Prechter, Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression (New York: Wiley, 2002).

17Irving Fisher, “The Debt-Deflation Theory of Great Depressions,” Econometrica 1, no. 4 (October 1933): 344. See also Lionel D. Edie, “The Future of the Gold Standard,” Gold and Monetary Stabilization, Quincy Wright, ed. (Chicago: Chicago University Press, 1932), pp. 111–30. On pp. 122–26, Edie calls for the stabilization of what Keynes would later call aggregate demand.

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