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First published 1931

The Economics of Inflation: A Study of Currency Depreciation in Post-War Germany

by Constantino Bresciani-Turroni

Originally published in 1931 in Italian. First English edition 1937, with the second impression 1953 and the third in 1968. Auburn, Ala: Mises Institute, 2007.466 pagesISBN 9781610160605Updated May 15, 2010

The Economics of Inflation: A Study of Currency Depreciation in Post-War Germany by Constantino Bresciani-Turroni is available as a free PDF download at freecapitalists.org.

Author
Constantino Bresciani-Turroni
First published
1931
Format
PDF
Pages
466
ISBN
9781610160605
License
Licence not verified for this edition.

Money, banking & crises

"This is the most comprehensive and authoritative account of the great German inflation from 1914 to 1923." - Henry Hazlitt

As an Austrian study of hyperinflation, this study has never been surpassed. The same is true of the detailed examination of the rise of hyperinflation in German in the interwar period: there is not anything more authoritative.

It is a huge study, 466 pages, with a fantastic amount of data and statistical analytics. But the narrative too is very exciting and infused with a thoroughly Austrian understanding of the impact of dramatic monetary expansion. It affects not only prices but also capital structures, political events, and the structure of society itself. Hitler did not emerge in a vacuum. Bresciani-Turroni covers the essential prehistory of a world-wide calamity. This volume is thorough, authoritative, and riveting in every respect - the achievement of a lifetime to last the ages.

What's in it

17 chapters · page numbers are this file's

  1. Foreword by Lionel Robbinsp. 6
  2. List of Tablesp. 16
  3. Appendix of Tablesp. 19
  4. Preface to the English Editionp. 22
  5. I. Foreign Exchanges and Internal Price Movements in Germanyp. 24
  6. II. The National Finances, the Inflation, and the Depreciation of the Markp. 43
  7. III. The Divergences between the Internal Value of External Value of the Markp. 121
  8. IV. Relations between the Total Value of the Quantity of Paper Money in Circulationp. 156
  9. V. The Influences of the Depreciation of the Market on Economic Activityp. 184
  10. VI. The Depreciation of the Mark and Germany's Foreign Tradep. 225
  11. VII. The Course of Prices of Industrial Shares during the Paper Inflationp. 254
  12. VIII. Social Influences of the Inflationp. 287
  13. IX. The Monetary Reform of November 1923p. 335
  14. X. The Stabilization Crisisp. 360
  15. XI. Conclusionp. 399
  16. Appendix: German Economic Conditions from the end of the Inflation until 1931p. 406
  17. Appendix of Tablesp. 438

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