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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 (1996) 28 (2): 313–315.
Published: 01 June 1996
.... Oxon, 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
...Robert Leeson The Eclipse of the Goal of Zero Inflation Robert Leeson 1. Introduction William J. Barber’s study of Alvin H. Hansen (1887-1975) emphasized the importance of the intellectual transformation that led to the “Keynes- Hansen intellectual system that appeared to have...
Journal Article
History of Political Economy (1970) 2 (1): 118–132.
Published: 01 March 1970
...Abraham Hirsch Mitchell’s Work on Civil War Inflation in His Development as an Economist A braham Hirsch ECONOMISTSTODAY know very well that a plausible explanation ii3 not necessarily a valid one, but they have not always known...
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 (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 (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 (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 (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 (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 (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 (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 (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...
Journal Article
History of Political Economy (2020) 52 (4): 741–772.
Published: 01 August 2020
... texts, during his period as director in Madrid of the economics section of the Publishing Aguilar (1945–60). With his work, Torres provided a guide to those responsible for economic policy to introduce the urgent changes needed by the Spanish economy, due to its problems of external deficit, inflation...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 283–308.
Published: 01 December 2011
...Duo Qin This essay examines the history of econometrics through a case study of the Phillips curve, that is, econometric modeling of the trade-off between inflation and unemployment. It focuses on a number of questions: What econometric tools did modelers choose to use in modeling the Phillips...