Publisher's Synopsis
The American Economic Review, V46, Number 1, March, 1956: Inflation Caused Wealth Redistribution (1956) by Reuben A. Kessel is a scholarly article published in the American Economic Review journal. The article discusses the impact of inflation on wealth redistribution in the United States. Kessel argues that inflation causes a redistribution of wealth from lenders to borrowers, as borrowers benefit from lower real interest rates while lenders suffer from the erosion of the purchasing power of their loans. The article presents empirical evidence to support this argument and discusses the policy implications of inflation-induced wealth redistribution. Overall, the article provides a valuable contribution to the understanding of the effects of inflation on the economy and the distribution of wealth.Other Titles Include Agriculture In The Nation's Economy, By J. D. Black; Marginal Policies Of Excellently Managed Companies, By J. S. Early; Economies Of Scale And European Integration By Tibor Scitovsky; And More.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
