Of the books published regarding hyperinflation, this may be the only one that provides effective strategies for operating a business under conditions of a rapidly depreciating currency. "The Hyperinflation Survival Strategies for American Businesses" was written by Dr. Gerald Swanson (an associate professor of economics at the University of Arizona). Harry E. Figgie, Jr. sponsored the research and production of this book. As it was originally printed in 1989, it was way ahead of its time. However, this doesn't change the fact that this book will prove to be an excellent resource for businessmen and individuals once the Federal Reserve's destruction of the U.S. dollar enters its terminal stage.
Found a book review of this from 1989 while doing some research for work. Although the US my not be in a Hyperinflation situation, as it states, there are some good business principals that can be applied during inflationary times.
Two words - utterly fascinating. (Maybe I should get that MBA in economics). As stated this was written in 1989, but take out a few sentences referring to faxes and mainframe computers and this could be hot off the press.
The majority of the book focuses on the hyper inflation (inflation over 100% that goes up every week) of South American countries. Great analysis and suggestions regarding the business areas of finance, marketing, cost analysis, and strategies to take. So about 95% of the book gives real world examples from the South America. So your roughly could see how this could happen, but this is US of A, right?
The last 5% of the book talks about all the government actions did regarding inflation in the 1970’s. US Government implementing cost freezes on all products – there’s a good plan to combat inflation in a market economy!
This book (really a case study) is cheap on Amazon and you can read it in about 90 minutes. I passed this along to our VP of Sourcing and Procurement. If you have any involvement with cost controls, purchasing, or establishing prices, get this book.