Hyperinflation

<p>Hyperinflation as a catalyst for transformation?&nbsp;</p> <p>Nathan Marcus (Ben Gurion University in Beer Sheva) &amp; Carmen Hofmann (<em>eabh</em>) discuss the extreme acceleration of inflation and its consequences at the end of the Austro- Hungarian Empire in 1918. The transition from a single economic space in Central Europe into separate national economies was marred by the experience of hyperinflation. Nathan explains why hyperinflation is so bad, why it is explicitly a modern phenomenon and how it intrinsically connects the financial with the political sphere.&nbsp;</p>