The late Imad A. Moosa, formerly Professor of Economics and Finance

‘Professor Moosa’s The Cost of Living Crisis is in his tradition of intellectual excellence. It is invaluable for workers and businesses experiencing falling incomes and sales, respectively, neoliberal governments losing the economic race to China, and economists seeking a better explanation of the causes of stagflation. He anticipates a deepening crisis and offers vital solutions.’

• ContentsPreface 1 The cost of living crisis: an overview2 The cost of living crisis as a global phenomenon3 Consequences of and responses to the crisis4 Causes of the crisis: inflation5 Causes of the crisis: wage stagnation and neoliberalism6 Implications for economic theory: inflation as a monetaryproblem7 Implications for economic theory: debunking theFriedmanite myth8 Macroeconomic policy implications: rethinking the role ofinterest rates9 The way forward: rethinking public policyReferences

The late Imad A. Moosa, formerly Professor of Economics and Finance

‘Professor Moosa’s The Cost of Living Crisis is in his tradition of intellectual excellence. It is invaluable for workers and businesses experiencing falling incomes and sales, respectively, neoliberal governments losing the economic race to China, and economists seeking a better explanation of the causes of stagflation. He anticipates a deepening crisis and offers vital solutions.’

• ContentsPreface 1 The cost of living crisis: an overview2 The cost of living crisis as a global phenomenon3 Consequences of and responses to the crisis4 Causes of the crisis: inflation5 Causes of the crisis: wage stagnation and neoliberalism6 Implications for economic theory: inflation as a monetaryproblem7 Implications for economic theory: debunking theFriedmanite myth8 Macroeconomic policy implications: rethinking the role ofinterest rates9 The way forward: rethinking public policyReferences

The late Imad A. Moosa, formerly Professor of Economics and Finance

‘Professor Moosa’s The Cost of Living Crisis is in his tradition of intellectual excellence. It is invaluable for workers and businesses experiencing falling incomes and sales, respectively, neoliberal governments losing the economic race to China, and economists seeking a better explanation of the causes of stagflation. He anticipates a deepening crisis and offers vital solutions.’

• ContentsPreface 1 The cost of living crisis: an overview2 The cost of living crisis as a global phenomenon3 Consequences of and responses to the crisis4 Causes of the crisis: inflation5 Causes of the crisis: wage stagnation and neoliberalism6 Implications for economic theory: inflation as a monetaryproblem7 Implications for economic theory: debunking theFriedmanite myth8 Macroeconomic policy implications: rethinking the role ofinterest rates9 The way forward: rethinking public policyReferences