Inflation and the Family: Monetary Policy's Impact on Household Life

by Jeffery L. Degner

This book provides unique insight into the relationship between economics and family life. Taking ideas from the Austrian school of economics’ understanding of monetary theory, it delves into the drivers of family formation, fertility, and family disintegration, with a particular focus on the role of inflation and inflationary policy. By placing questions surrounding family life within a political economy setting, the impact of relative price changes, inflation culture, and specific monetary policies on the role and structure of the family are highlighted.



This book offers a nuanced and robust understanding of the economic causes of the deinstitutionalization of traditional family life. It will be relevant to students and researchers interested in monetary economics and the economics of the family.

359 pages, Kindle Edition

Published May 16, 2025

Reviews

[Michael Godwin · Rating 5 out of 5]

Inflation and the Family offers a unique perspective on the connection between monetary policy and everyday family life. Rather than treating inflation as purely an economic issue, Jeffery L. Degner explores how changes in monetary policy can influence family formation, fertility, household stability, and long-term social institutions. I found the book refreshing because it examines economic policy through a human lens, showing how financial decisions made at the national level can shape personal and family outcomes.

One of the book's strengths is its interdisciplinary approach. Drawing on Austrian economics, political economy, and the economics of the family, Degner presents a thoughtful analysis of how inflation and shifting price signals may affect the structure of society over time. Even when discussing complex economic theories, the arguments are well organized and encourage readers to think more deeply about the broader social consequences of monetary policy.

Overall, Inflation and the Family is an insightful and thought-provoking read for anyone interested in economics, public policy, or family studies. Whether or not readers agree with every conclusion, the book raises important questions about the long-term relationship between economic institutions and family life. It's a valuable contribution to discussions on monetary economics and offers a perspective that is both original and engaging.