Re: Printing Money

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

> >Jim Devine asks how Joan Robinson deals with hyperinflation? She did not
> >deny it. See her ACCUMULATION OF CAPITAL (1956) on the "inflation barrier".
> >
> I did not say she avoided the question. What I was asking was how she
> dealt with the issue of money's role in encouraging hyperinflation.

As I recall, the usually sensible J.R. blamed hyperinflation in Germany on
wages.  see:
'The Economics of Hyperinflation', in Collected Economic Papers, V,
(Cambridge, Massachusetts: The MIT Press, 1980), pp. 62-69.
>
> sincerely,
>
> Jim Devine
> jndf@xxxxxxxxxxxxxx or jdevine@xxxxxxxxxxxxxxx
> Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
> 310/338-2948 (daytime, during workweek); FAX: 310/338-1950
> (looking for a new quote: this space for rent.)
>


--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx