ABSTRACT
This book has been given the title A Study in the Theory of Inflation to indicate that it is not in any way supposed to be an exhaustive treatment of the problems of inflation. Such a task as this latter would obviously be beyond the powers of one man, since it would have to cover the whole of the field of theoretical and empirical economic dynamics. It is not difficult to point to theoretical problems which have not been touched upon, and the relations with empirical facts are quite platonic, of course, in so far as this study is intended solely as a theoretical investigation. In this respect, the reasoning of the preceding chapters shares the fate of all other theory, in that it cannot be considered to be other than an aid, and possible an inspiration, to empirical investigation and so to the explanation of actual processes of inflation.
