Journal of Economic Literature
Book Reviews
2026-08-28
Peter N. Ireland of Boston College reviews “The Causes, Costs and Compensations of Inflation: An Investigation of Three Problems in Monetary Theory” by William Oliver Coleman,. The EconLit Abstract of the reviewed work begins “Explores the causes, costs, and benefits of inflation. Discusses the theory of the demand for money; a theory of the supply of money; the Quantity Theory of Money; inflation without a quantity of money--the Wicksellian approach; technological risk and the social function of real debt; monetary risk and the social function of money debt; the Quantity Theory in a risky world; Wicksellianism in a risky world; the cost of inflation as the cost of moneylessness; and the cost of inflation as the cost of creditlessness. Coleman is Reader at the Australian National University. Index.”