Inflation: The End of the Era of Price Stability

Mark Blyth — political economist, professor of international economics and finance at Brown University; heads the William R. Rhodes Center for International Economics and Finance at Brown University.

Nicolo Fraccaroli — PhD in economics, master's degree in European political economy, economist at the World Bank, research fellow at Brown University.

Inflation is a global economic problem manifested in rising prices across various sectors, including retail and public utilities, and affecting the credit sector. Current tariffs and trade wars pose an additional threat to the growth of inflationary processes. Classical methods of combating inflation, based on raising interest rates to reduce aggregate demand, have historically led to increased unemployment and recession.
Leading political economists Mark Blyth and Nicolo Fraccaroli question these established approaches. Written in an accessible style with ironic comments and clear examples, the book offers a re-examination of the causes of inflation, a shift in perspectives on its nature, and the application of innovative approaches to combat it.
The bestselling book of 2025 according to the Financial Times is a must-read for anyone seeking to understand what shapes our economy and politics.