This title, first published in 1965, provides an analysis of the forces and mechanisms governing the formation of the overall level of money prices. Even though this problem has a long history, and in spite of its obvious practical importance, it remains one of the most poorly understood questions in economic theory.

1. Additional General Reflections on Keynesian Economics II. The Price Level in Money Terms 2. A Model of the Price-Production Cycle 3. The Hyperinflationary Case 4. Rates of Exchange; Appendices; Index