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Weltwirtschaftliches Archiv

, Volume 120, Issue 1, pp 90–120 | Cite as

The sociopolitical analysis of inflation

  • John T. Addison
  • John Burton
Article

Keywords

Real Wage Industrial Relation Relative Deprivation Price Inflation Income Policy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Zusammenfassung

Die soziopolitische Analyse der Inflation. — Dieser Artikel über Natur und Ursachen der gegenwÄrtigen Inflation versucht, die hauptsächlichen Mikro- und Makro-Varianten der soziopolitischen Analyse, die zumindest in Europa eine heftig verteidigte Alternativlehre zum Monetarismus — der herrschenden Orthodoxie in den Vereinigten Staaten — darstellt, Revue passieren zu lassen. Die soziopolitische Analyse kann, in entsprechend abgewandelter Form, in gewisser Hinsicht als Wiedergeburt der Lehre von der kosteninduzierten Inflation angesehen werden. Allerdings ist die übliche Version des soziopolitischen Gedankenguts nicht eindeutig hinsichtlich der Rolle, die das Geld bei der Entstehung der Inflation spielt. Im allgemeinen und besonders in den spitzfindigeren Abhandlungen dieser Art wird implizit oder explizit die wichtigste Behauptung der Monetaristen anerkannt, nämlich die, da\ eine Vermehrung der Geldmenge über die Steigerung der realen Produktion hinaus die Inflation verursache und daher die beste Näherungsvariable für die Erklärung der Inflation sei. Dementsprechend wird das Hauptanliegen der soziopolitischen Analyse, der Verteilungskampf sei Hauptursache der Inflation, auf eine besser zu verteidigende Grundlage gestellt.

Résumé

L’analyse socio-politique de l’inflation. — Cet article sur la nature et les sources de l’inflation actuelle essaie de revoir et d’analyser les principales micro et macro variantes de l’analyse socio-politique qui, en Europe au moins, est une vue alternative fortement défendue vis-à-vis le monétarisme qui est l’orthodoxie dominante dans les E.U. Dans un certain sens l’analyse socio-politique peut Être regardée comme renaissance de l’analyse «cost-push» dans une forme proprement modifiée. Cependant il y a encore une certaine ambiguÏté dans la pensée sociopolitique regardant le rÔle de la monnaie d’amener à l’inflation. Généralement, et particulièrement dans les traitements plus sophistiques qui s’occupent avec ce genre, il y a une récognition implicite ou explicite du paradigme principal des monétaristes: la croissance monétaire à l’excès de la croissance de production réelle est le déterminant approximatif de l’inflation. En conséquence, l’analyse du conflit de distribution comme instigateur majeur de l’inflation s’est retirée sur un terrain plus défendable. L’objectif général de l’analyse sociopolitique est de souligner le conflit de distribution comme déterminant fondamental de l’inflation.

Resumen

El Análisis Sociopolítico de la Inflación. — El artículo analiza las principales variantes, micro y macro, de la teoría sociopolítica de la inflación con el objeto de aclarar la naturaleza y causas de la inflación actual. En contraposición con la ortodoxia monetarista que domina actualmente la opinión norteamericana, el análisis sociopolítico de la inflación encuentra al menos en Europa un amplio frente de partidarios. El enfoque sociopolítico podría en cierta forma interpretarse como una modificación de la teoría que postula los costes de producción como la principal causa de la inflaciń. Aun así, la función del dinero en la generación de inflación es en general algo ambigua dentro del pensamiento sociopolítico. En general, pero especialmente en los trabajos más sofisticados de este género, hay un reconocimiento implícite o explicite del principal postulado monetarista: El crecimiento de la oferta monetaria en exceso del crecimiento de la producción real determina la tasa de inflación. Debido a este reconocimiento, el análisis del conflicto en la distribución de producto national como el instigador primordial de la inflación ha sido reagrupado a la largo de argumentes mas plausibles. El análisis sociopolítico postula así con todo, la existencia de un conflicto distributivo como el determinante fundamental de la inflación.

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Copyright information

© Institut fur Weltwirtschaft an der Universitat Kiel 1984

Authors and Affiliations

  • John T. Addison
  • John Burton

There are no affiliations available

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