Inflation theory: A critical literature review and a new research agenda
Value, Capitalist Dynamics and Money
ISBN: 978-0-76230-696-1, eISBN: 978-1-84950-572-7
Publication date: 31 December 2000
Abstract
Marxian analyses of inflation tend to fall under three broad categories, those that emphasise primarily the role distributive conflicts, monopoly power, or state intervention on the dynamics of credit money. This article reviews these interpretations, and indicates how they can be integrated. The proposed approach, based on the ‘extra money’ view, departs from the circuit of capital and the endogeneity of credit money in order to explain inflation in inconvertible paper money systems.
Citation
Saad-Filho, A. (2000), "Inflation theory: A critical literature review and a new research agenda", Zarembka, P. (Ed.) Value, Capitalist Dynamics and Money (Research in Political Economy, Vol. 18), Emerald Group Publishing Limited, Leeds, pp. 335-362. https://doi.org/10.1016/S0161-7230(00)18014-9
Publisher
:Emerald Group Publishing Limited
Copyright © 2000, Emerald Group Publishing Limited