First Edition of "perhaps the best explanation ever written on the process by which inflation works through markets and the economy" Dying of Money: Lessons of the Great German and American Inflation; Lengthily Inscribed by the author
Dying of Money: Lessons of the Great German and American Inflations.
Parsson, Jens O (Ronald Marcks).$850.00
Item Number: 5659
Boston: Wellspring Press, 1974.
First edition. Octavo, original cloth. Lengthily inscribed by the author on the front free endpaper as follows, “Inflation itself was not all there was to fear from the American inflation.” -P. 322 With best wishes to John Rogers. Ron Marcks (“Jens O. Parsson”).” Fine in a near fine dust jacket.
n this book, Jens O. Parsson performs the neat trick of transforming the dry economic subject of inflation into a white-knuckles kind of blood-chiller. He begins with a freewheeling account of the spectacular inflation that all but destroyed Germany in 1923, taking it apart to find out both what made it tick and what made it finally end. He goes on to look at the American inflation that was steadily gaining force after 1962. In terms clear and fascinating enough for any layman, but with technical validity enough for any economist, he applies the lessons gleaned from the German inflation to find that too much about the American inflation was the same, lacking only the inexorable further deterioration that time would bring. The book concludes by charting out all the possible future prognoses for the American inflation, none easy but some much less catastrophic than others.