Babson's book was published in 1940. This is the revised edition published in 1947. The first chapters outline how the country got to where it was at that time and repeatedly stressed his concern about abandoning the "gold standard". He goes into detail on bubbles and inflationary activity on the part of the government and explains the results of inflation and why it has a large natural constituency. You can't read this now without checking the copyright date and wondering how it has been missed as an economic classic.
The last chapter, on the hedges against inflation, is not to be missed. The last chapter gets back to the true value of money.
**PLEASE READ BEFORE BIDDING***
Waterbury Liquidators LLC. and/or the Auction Managers assume no responsibility for the correct description, genuineness, authenticity of or defect in any lot and makes no warranty in connection therewith. Written and oral descriptions are based on Waterbury Liquidators opinions and should in no way be construed as a guarantee of any kind as to age, condition, materials or any other feature of items being sold. We recommend that bidders Preview, Examine and Research all items in which they have an interest.
Notes: Book - Very Good; Dust Cover - Fair
18%
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Waterbury Liquidators
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