Abstract
So much has been written and is currently being written on inflation that it is impossible to read everything and say anything that has not been said before. The best I can do under these circumstances is, I believe, not to comment on current events but to go back to basic principles which are often lost sight of in daily work, although they are frequently a better guide for things to come than minute description of current events and the extrapolation of recent trends.
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Notes
George Terborgh, Control of Home-Grown Inflation, Machinery and Allied Products Institute. Washington, DC: MAPI 1974 (Mimeographed).
Emerson P. Schmidt, Union Power and the Public Interest. Los Angeles: Dutton. 1973;
W. H. Hutt The Strike-Threat System:The Economic Consequences of Collective Bargaining, New Rochelle, NY: Mises Institute, 1973.
Friedrich Lutz, “Dilemmasituationen Nationsler Anti-inflations politik” in 25 Jahre Marktwirtschaft in der Bundesrepublik Deutschland. Stuttgart 1972.
See for example, J. K. Galbraith, “Inflation: A Presidential Catechism,” The New York Times Magazine, September 15, 1974.
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© 2016 Gottfried Haberler
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Haberler, G. (2016). 1975: Thoughts on Inflation: the Basic Forces. In: Crow, R.T. (eds) The Best of Business Economics. Palgrave Macmillan, New York. https://doi.org/10.1007/978-1-137-57251-6_9
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DOI: https://doi.org/10.1007/978-1-137-57251-6_9
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