Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Inflation Economics: the Heath-Barber Boom 1972-74
AU - Steele, Gerald
PY - 2010/10
Y1 - 2010/10
N2 - The UK macroeconomic boom of the early 1970s is an experiment that refutes the notion of cost–push inflation. However, such nonsense endures as the consequence of two factors. The first is the convenient ruse by which the state ducks its responsibility for monetary inflation and points the finger in other directions. The second is a potential to confuse the source of an individual price increase (rising scarcity) and the source of general price increases (excessive money).
AB - The UK macroeconomic boom of the early 1970s is an experiment that refutes the notion of cost–push inflation. However, such nonsense endures as the consequence of two factors. The first is the convenient ruse by which the state ducks its responsibility for monetary inflation and points the finger in other directions. The second is a potential to confuse the source of an individual price increase (rising scarcity) and the source of general price increases (excessive money).
KW - Corporatism
KW - inflation
KW - Keynesianism
KW - monetarism
U2 - 10.1111/j.1468-0270.2010.02028.x
DO - 10.1111/j.1468-0270.2010.02028.x
M3 - Journal article
VL - 30
SP - 79
EP - 81
JO - Economic Affairs
JF - Economic Affairs
SN - 0265-0665
IS - 3
ER -