A section from the blurb;
""The history of prices is the history of change," writes David Hackett Fischer in this broad sweep of western history from the middle ages to own time. Fischer has gained a reputation for making history come alive - even stories as familiar as Paul Revere`s ride, or as complex as the assimilation of British culture in North America. Now, in The Great Wave, he has done it again. As in Albion`s Seed and Paul Revere`s Ride Fischer combines extensive research and meticulous scholarship with lively prose to create a book for scholars and general readers alike.
His primary sources are price records, which are more abundant for the study of historical change than any other type of quantifiable data, Fischer uses these materials to frame a narrative of price-movements in western history from the eleventh century to the present. He finds that prices tended to rise throughout this long period, but most of their increase happened in four great waves of inflation - which he calls the price-revolution of the thirteenth, sixteenth, eighteenth, and twentieth centuries.
The four waves shared many qualities in common. All had the same movements of prices and price-relatives, falling real wages, rising returns to capital, and growing gaps between rich and poor. They were also very similar in the structure change. Each of them started silently, developed increasing instability, and ended in a shattering crisis that combined the social disorder, political upheaval, economic collapse, and demographic construction."
Excellent pages with slight edge wear,