This volume is concerned with periods of very rapid inflation in
the period before 1950 and shifts the emphasis from hyperinflation
as commonly defined to a wider range of experience. It examines the
source and origins of these inflationary episodes, how they started
and what measures were used to bring them to an end. The experience
of the last twenty years, when the entire world has been on fiat
money and inflation has burgeoned, sometimes in excess of 100 per
cent per annum, has led economists to reflect on historical
examples of this phenomena. The extreme nature of episodes such as
the German inflation of the early 1920s ensures that they offer a
special kind of evidence on money and prices that is of
considerable interest at the present time. Much of the material
here is very recent, as relatively little contemporary attention
was given to inflations and much of the best scholarship has only
appeared in the last twenty years. However, this volume also
provides the reader with access to the reflections of contemporary
economists, such as Joan Robinson and Gordon Tullock.
General
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