Publisher's Synopsis
The American Economic Review, Volume 46, Number 1, March 1956, features an article titled ""Inflation Caused Wealth Redistribution"" written by Reuben A. Kessel. The article discusses how inflation can lead to the redistribution of wealth within a society. Kessel argues that inflation causes the prices of goods and services to rise, which in turn reduces the purchasing power of money. This reduction in purchasing power disproportionately affects those who hold large amounts of cash or fixed-income assets, such as retirees or those on fixed incomes. Meanwhile, those who hold assets that appreciate in value during inflation, such as real estate or stocks, benefit from the rise in prices. Kessel concludes that inflation can lead to a significant redistribution of wealth within a society, with winners and losers determined by the types of assets they hold. This article provides valuable insights into the economic effects of inflation and its impact on wealth distribution.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.
