The Great Wave by David Hackett Fischer
The book traces recurring, long-term surges in prices across several centuries and argues that these sustained waves of inflation—driven by factors such as demographic expansion, climatic and harvest variations, New World inflows of precious metals, and disruptions from war and trade—repeatedly reshaped economies and societies; by charting commodity prices, wages, and rents across regions and eras, the author shows how these price revolutions redistributed wealth, provoked political and social unrest, and left lasting effects on institutions and culture.
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