Hyperinflation A World History
“Hyperinflation: A World History” by He Liping, published by Taylor & Francis Group on May 12, 2020, offers a comprehensive examination of hyperinflation across different historical contexts. Spanning 284 pages, this edition delves into the economic, political, and social foundations underlying hyperinflation, moving beyond superficial discussions to provide a detailed narrative of significant hyperinflation events from the first millennium to the mid-2010s.
Readers will find an analysis that begins with fundamental concepts of hyperinflation, including definitions and price measurement. The book traces major episodes of hyperinflation, highlighting the four tidal waves of the 20th century and recent occurrences in the 21st century. It employs modern financial concepts such as indexation and dollarization to explain the varying intensities of hyperinflation in different countries. Additionally, the text emphasizes the critical roles of policy making, institutional development, and international relations in both the emergence and stabilization of hyperinflationary environments. This work is particularly relevant for scholars and students in fields related to economic history and finance.
Official synopsis Publisher
Since 1970s when the world was experiencing an “age of inflation”, a great volume of academic research about hyperinflation has been conducted. However, it is also true that parrot-like superficial talks abound, without questioning the economic, political and social foundations existing underneath the economic phenomenon.
Based on research results of contemporary economists, media reports and historical works, this book will be the most comprehensive narrative of all major events of hyperinflation worldwide from the turn of the first millennium to the mid-2010s. Firstly, it gives a brief illustration of the basic concepts of hyperinflation, starting with the definitions and price measurement. Then it traces and analyzes all major episodes of hyperinflation that occurred over the past two thousand years or so, from the earliest incidence to the four tidal waves in the 20th century, and to the three latest episodes in the 21st century. Using basic concepts in modern finance such as indexation and dollarization, this book explains why hyperinflation in some countries could explode into astronomical levels, while rhythms of hyperinflation in the 20th century world are in resonance of megatrends in world economy and politics. Finally, this book underscores the importance of policy making, institutional building and international relations in the process of hyperinflation and stabilization.
Scholars and students studying money and finance, economic history, international finance and economics will be attracted by this book.
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