An Economist Explains In Simple Terms Why Deflation Is Dangerous

By Ed Dolan and Mike Bird

2015-01-25T13:40:00.000Z

Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. Ed Dolan is the author of TANSTAAFL: A Libertarian Perspective on Environmental Policy, just published by Searching Finance. This new Version 40.0 of his 1971 classic updates the discussion of a wide range of environmental issues with new commentary on climate change, energy policy, ecosocialism, and more.Dolan writes Ed Dolan's Econ Blog at Economonitor.com, and of the companion Resource Center for Teaching Economics. He is the author of Introduction to Economics (BVT Publishing) and numerous academic articles. When not lecturing abroad, he makes his home in Washington’s San Juan Islands.

Mike Bird

Mike is a European markets reporter, working from London and covering financial and economic issues. He previously worked for City A.M, a free London business newspaper, covering economics.