Originally published between 1951 and 1987, the 8 volumes in this set:
- Provide a wide-ranging and critical review of both first and second generation theories of inflation (and the related problem of unemployment), including the classical approach to macroeconomics.
- Examine how inflation as a policy has come about in modern democracies, how it works, how to avoid it and at what cost
- Reassess the strengths and weaknesses of incomes policies
- Examine pay control policies in major Western economies and survey developments from 1945, explore the aims of pay policies and discusse the problems of implementation, comparing the different kinds of policies.