for understanding the modern economy. The focus of this volume is the money prices of commodities. In light of the failure … of central banks to stimulate inflation through printing of money, it is now accepted that there are problems with the … explanation of prices, particularly their concepts of the value of the commodity and money. He argues the problems with all other …

In the past four to five decades, inflation has fallen around the world, with median annual global consumer price … inflation down from a peak of 16.6 percent in 1974 to 2.6 percent in 2017. This decline began in advanced economies in the mid …-1980s and in emerging market and developing economies in the mid-1990s. By 2000, global inflation had stabilized at …