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Inflation in Tudor and Early Stuart England
Inflation in Tudor and Early Stuart England Author:R. B. Outhwaite In this book, Dr. Outhwaite traces the emergence and development of the differing opinions--both contemporary and modern--about the causes of the price rise in Tudor and Early Stuart England, and reviews critically the principal modern interpretations. It is a concise survey of what men--past and present--have written on price inflation. — The a... more »uthor begins with contemporary analyses, revealing the close relationships in both chronology and form between the actual experience of inflation and what men had to say about it. He establishes the existence of explanations of two basic types--real or physical explanations and monetary ones--and shows how and why emphasis has tended to shuffle between the two over the past four hundred years. The merits and demerits of the two basic explanations are carefully discussed, in language free of technical obscurities, and Dr. Outhwaite points the way towards a reconciliation between the two. Attention is drawn throughout to the writings of historians and economists who have contributed most to our understanding of this important formative experience in English history.« less