Introduction, Purpose and Plan of the Book

George T. Edwards

Chapter 1 in How Economic Growth and Inflation Happen, 1984, pp 1-17 from Palgrave Macmillan

Abstract: Abstract This book has arisen naturally as the result of over ten years’ research into the reasons for the observed rates of economic growth and inflation in five countries, as revealed by a deep study of their financial systems. At present, when Anglo-Saxon economies throughout the world have failed to match the growth of most other developed Western countries, it is often possible to find sociological arguments relating to the relative economic decline of English-speaking countries. Yet the reasons for economic failure are perhaps best sought in economic factors, rather than the burden of explanation being thrown upon the shoulders of sociologists, who are, as Hobsbawm has remarked, ‘even less capable of bearing it, but just as willing to try’.1

Keywords: Financial System; Financial Institution; Inflation Rate; Money Supply; Phillips Curve (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17395-2_1

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DOI: 10.1007/978-1-349-17395-2_1

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