Friedman's monetary theory suggests that the supply of money is constantly equal to the demand of money. Therefore, it cannot justify that inflation is indeed caused by over issuance of money. The root cause of inflation should be the short supply of a basket of goods. The weight of each goods...

Chapter 1: Introduction -- Chapter 2: Towards a Theory of Inflation in Underdeveloped Economies -- Chapter 3: Plantations and Rise of the Merchant cum Usurer Class during British Rule in Sri Lanka -- Chapter 4: Research Methodology -- Chapter 5: Results and Discussion -- Chapter 6: Pattern of...