A Critical Political Economy of Inflation

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A Critical Political Economy of Inflation | 445.27 KB

Title: A Critical Political Economy of Inflation
Author: Bill Dunn
Category: Financial, Economic Policy, Economics, Business & Finance, Economic Conditions
Language: English | 84 Pages | ISBN: 9781839997839

Description:
The book provides an original critical, political economist's introduction to the meaning, causes and consequences of inflation. It argues that it is too easy to think of inflation as a 'thing', when price indexes are not only complex statistical but also social constructions. It provides a historical contextualisation of price changes before a detailed engagement with rival theories of inflation's causes. Emphasising inflation's complexity and social character, the book both criticises and develops the kernels of truth in existing accounts in moving towards a more satisfactory synthesis. The book finally turns to neglected questions of inflation's consequences, contesting prevailing claims that it is a general evil. Inflation tends to foster faster growth and reduced inequality.

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