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Journal Article
History of Political Economy (2015) 47 (4): 605–629.
Published: 01 December 2015
...Norikazu Takami This essay examines how cost-push inflation theories, which highlight autonomous increases in wages and other production costs as a cause of inflation, played a decisive role in the policy debate over the interpretation of the price movements of the second half of the 1950s. In late...
Journal Article
History of Political Economy (1991) 23 (3): 544–548.
Published: 01 September 1991
.... Vol. 1, Employment and Inflation. Vol. 2, Value, Distribution and Growth. Edited by Susan Howson. London: Un- win & Hyman, 1988. 431,481 pp. $75.00 each. In his review of the first volume of Nobel Laureate James Meade’s collected papers Tony Thirlwall(l989, 197) concludes...
Journal Article
History of Political Economy (1995) 27 (4): 705–735.
Published: 01 November 1995
... errors. The “Productivity Norm” versus Zero Inflation in the History of Economic Thought George Selgin The idea that general macroeconomic stability requires stability of output prices has a long history. It can be traced to preclassical economists such as John Law (1705...
Journal Article
History of Political Economy (1996) 28 (2): 313–315.
Published: 01 June 1996
..., England: Professional Books. Classical Theories of Money, Output and Inflation: A Study in Historical Eco- nomics. By Roy Green. New York: St. Martin’s, 1992.271 pp. $79.95. For most of the century, economists have treated the quantity theory of money and classical monetary theory...
Journal Article
History of Political Economy (1996) 28 (4): 712–714.
Published: 01 November 1996
...”: A Suggested Interpretation. Econometrica 5.1 (April): 147-59. Money, Banking, and Inflation: Essays in the History of Monetary Thought. By Thomas M. Humphrey. Brookfield, Vt.: Edward Elgar, 1993. xi, 443 pp. $69.95. Readers of Federal Reserve publications have long recognized Thomas Humphrey...
Journal Article
History of Political Economy (1997) 29 (1): 117–156.
Published: 01 March 1997
... as the new prophet of inflationism. . . . In defiance of all the teachings of the economists, inflation and credit expansion have been elevated to the dignity of the first principle of economic policy. . . . Espe- cially enraptured were a new type of intellectual-“the government economists...
Journal Article
History of Political Economy (1997) 29 (3): 445–496.
Published: 01 September 1997
... Employment, Guideposts and Economic Stability . New York: American Enterprise Institute for Public Policy. Butler , W. F. 1957 . Inflation: Curb It—or Collapse. Rotarian 45 (November): 8 -50. Cairncross , A. 1985 . Economics in Theory and Practice. American Economic Association Papers...
Journal Article
History of Political Economy (1970) 2 (1): 118–132.
Published: 01 March 1970
...Abraham Hirsch Copyright © 1970 by Duke University Press 1970 Mr. Hiesch is Associate Professor in the Department of Economics at Brooklyn College. Mitchell’s Work on Civil War Inflation in His Development as an Economist...
Journal Article
History of Political Economy (2000) 32 (2): 233–266.
Published: 01 June 2000
... of Inflation. Review of Economics and Statistics 39.1 : 1 -13. Bailey, Martin J. 1956 . The Welfare Cost of Inflationary Finance. Journal of Political Economy 64.2 : 93 -110. Blanchard, Olivier J., and Stanley Fischer. 1989 . Lectures on Macroeconomics . Cambridge: MIT Press. Bresciani-Turroni...
Journal Article
History of Political Economy (2000) 32 (2): 267–292.
Published: 01 June 2000
.... New York: Harper. Hegeland, H. 1951 . The Quantity Theory of Money . Göteborg, Sweden: Elanders Boktryckeri. Humphrey, T. M. 1993 . Money, Banking, and Inflation . Aldershot, England: Edward Elgar. Jevons, W. S. 1863 . A Serious Fall in the Value of Gold Ascertained and Its Social...
Journal Article
History of Political Economy (1983) 15 (2): 286–288.
Published: 01 June 1983
... York, Oswego RICHARDHYSE Essays on inflation. By Thomas M. Humphrey. Third edition. Richmond, Vir- ginia: Federal Reserve Bank of Richmond, 1982. Pp. 234. No price indicated. Since the late 1960s the Federal Reserve Bank of St. Louis has established itself as a center...
Journal Article
History of Political Economy (1975) 7 (2): 137–155.
Published: 01 June 1975
...Martin Bronfenbrenner Copyright © 1975 by Duke University Press 1975 [HOPE Vol. 7 (1975) No. 21 Inflation theories of the SCAP period Martin Bronfenbrenner The Japanese Ministry of Finance is preparing...
Journal Article
History of Political Economy 11242717.
Published: 12 April 2024
...Edward Nelson Abstract A series of research papers that appeared from 2000 to 2009 made the case that the UK authorities in the 1950s, 1960s, and 1970s eschewed Phillips-curve-based analysis and that, consequently, the UK Great Inflation of the 1970s should not be regarded as resulting from...
Journal Article
History of Political Economy (2022) 54 (4): 619–653.
Published: 01 August 2022
...Aurélien Goutsmedt Abstract This article relates the history of economists' influence in shaping the content of the Humphrey-Hawkins Act (1978) and its immediate consequences. The act committed the federal government to reducing unemployment to 4 percent and inflation to 3 percent as soon as 1983...
Journal Article
History of Political Economy (2012) 44 (2): 277–330.
Published: 01 June 2012
...Mauro Boianovsky This article investigates Celso Furtado's role in the broad controversy between structuralists and monetarists about inflation and stabilization that took place in Latin America between the mid-1950s and early 1960s. Furtado was the first to relate Latin American chronic inflation...
Journal Article
History of Political Economy (2020) 52 (2): 367–396.
Published: 01 April 2020
...Mauro Boianovsky This article investigates the role played by Friedman’s interpretation of Brazilian inflation in his 1967 formulation of the natural rate hypothesis and in his 1976 discussion of indexation and other institutional arrangements in the face of chronic inflation. It is argued...
Journal Article
History of Political Economy (2017) 49 (1): 137–159.
Published: 01 March 2017
... expectations to rational expectations in the modeling and testing of this hypothesis. I argue that Phelps criticized the predominance of the regressive effect in price expectations in Lucas and Rapping's (1969a) labor market model as the explanation to the tradeoff between inflation and unemployment and also...
Journal Article
History of Political Economy (2009) 41 (3): 545–574.
Published: 01 September 2009
...Arie Arnon The Restriction period that began in England in 1797 marked a crucial turning point for monetary theory and policy. The debates during the Restriction concerning the relationship between inflation, the exchanges and monetary aggregates came to be known as the “Bullion Debate...
Journal Article
History of Political Economy (2015) 47 (2): 207–240.
Published: 01 June 2015
...James Forder I consider the representation of theory concerning the relationship between inflation and unemployment, as presented in a sample of economics textbooks from the 1940s to the 1980s. It is argued that they contain nothing to contradict the impression from Forder, Macroeconomics...
Journal Article
History of Political Economy (2014) 46 (3): 491–523.
Published: 01 September 2014
... the French wars (1793-1815) and the postwar period of economic stagnation in Britain. This article is concerned with critically examining Blake’s arguments on the effect of British government war expenditure and taxes on economic activity and price inflation during the wars and then on the role...