Despite the lack of agreement among economists about the ultimate causes of inflation, there is sufficient common ground to support a pragmatic approach that should appeal to all who are more concerned with finding a solution to the problem than with defending the tenets of some economic theology or other... This is a unique and accessible description of our current economic problems, essential to an understanding of both the contemporary economic situation and where we ought to go from here.

Alex N. McLeod, author of The Fearsome Dilemma: Simultaneous Inflation and Unemployment, is Professor Emeritus in Economics at York University. He is an internationally recognized expert on economics who has worked and taught for many years in Canada, as well as abroad with the International Monetary Fund Mission. Professor McLeod has written numerous articles, pamphlets, and books on the subject, including The Principles of Financial Intermediation (University Press of America) and The Practice of Economics (Transaction Publishers). His special interest is in the contributions which economics can make to practical policy-making for the benefit of the general citizenry.

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