Law and Inflation / / Keith S. Rosenn.

• Superior document: Title is part of eBook package: De Gruyter University of Pennsylvania Press Package Archive 1898-1999
• VerfasserIn: Rosenn, Keith S.,
• Place / Publishing House: Philadelphia : : University of Pennsylvania Press, , [2015]; ©1982
• Year of Publication: 2015
• Language: English
• Physical Description: 1 online resource (494 p.)

Inflation is an economic phenomenon that has profound implications for lawyers and jurists, because the great bulk of our laws and legal doctrines have been formulated on the assumption that the value of money remains relatively stable. Inasmuch as such an assumption is no longer tenable in much of the world, it threatens the operation of our most basic legal institutions.In this book, Keith Rosenn shows how inflation affects legal documents like contracts-how it distorts credit transactions, suits for damages, and laws of taxation-and he tells how current economic practices can be adapted to reduce or eliminate the impact. He explores the possibility of using a comprehensive indexation scheme for coping with inflation. Although Rosenn recognizes the deficiencies of price indexes, he considers the practical and theoretical implications of indexation. His analysis is firmly grounded in a detailed examination of the experience of countries like Argentina, Brazil, Chile, Finland, France, Germany, Israel, and Italy in adapting their legal institutions to the fact of inflation.

Table of Contents

Frontmatter -- Contents -- Acknowledgments -- Tables and Figures -- Table of Cases -- Table of Statutes and Decrees -- International Treaties and Conventions -- Preface -- 1. Inflation's Causes and Cures -- 2. The Measurement of Inflation -- 3. The Value of Money for Legal Purposes -- 4. Statutory and Judicial Revision of Inflation-Distorted Contracts -- 5. Protecting Contracts from Inflation -- 6. Long-Term Credit Transactions, Insurance, Pensions, and Annuities -- 7. Monetary Compensation and Inflation -- 8. Value Maintenance in the International Sphere -- 9. Income Taxation and Inflation -- 10. Indexation: Inflationary Anesthesia or Adrenaline? -- Appendices -- Selected Bibliography -- Index