Inflation and Labour

  • J. Wilczynski


Inflation can be defined as a situation in the economy where the volume of money purchasing power persistently exceeds the supply of goods and services, inducing a continuous rise in the price level and a consequent decline in the value of money. In the context of different economic systems, it is useful to make distinctions between different types of inflation.


Price Increase Real Wage Wage Increase Inflationary Pressure German Democratic Republic 
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Recommended Further Reading

  1. 1.
    J. Adam, Wage Control and Inflation in the Soviet Bloc Countries (London: Macmillan, 1979).CrossRefGoogle Scholar
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    O. Bogdanov and S. Gorbunov, ‘Sources and Consequences of Inflation’, Political Affairs (New York) March 1980, pp. 29–35.Google Scholar
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    A. Brown, Z. M. Fallenbuchl, J. A. Licari and E. Neuberger, ‘The Impact of International Stagflation on Systemic and Policy Changes in East Europe: Theoretical Reflections’, in S. McInnes et al., (eds), The Soviet Union and East Europe in the 1980s: Multidisciplinary Perspectives (Oakville, Ontario: Mosaic Press, 1978) pp. 309–23.Google Scholar
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    A. Gamble and P. Walton, Capitalism in Crisis: Inflation and the State ( London: Macmillan, 1976).Google Scholar
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    T. Gozhansky, ‘Halt the Inflation Gallop’, World Marxist Review (London) Sept. 1979, pp. 41–3.Google Scholar
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    Sylvia A. Hewlett, ‘Inflation and Inequality’, J. Economic Issues (East Lansing, MI) June 1977, pp. 353–68.Google Scholar
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    D. Laibman, ‘Seven Ways to Find Inflation in the Soviet Union’, New World Review (New York) July—Aug. 1975, pp. 12–19.Google Scholar
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    E. Huszti, ‘Social and Economic Impact of Inflation in Hungary’, Acta oeconomica [Economic Papers] (Budapest) 1/1977, pp. 69–80.Google Scholar
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    L. Miastkowski, ‘Retail Price Movements in the Socialist Economy’, Oeconomica polona [Polish Economics] (Warsaw) 2/1981, pp. 231–51.Google Scholar
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    Peng Kuang-hsi, Why China Has No Inflation (Peking: Foreign Languages Press, 1976).Google Scholar
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    M. J. Piore (ed.), Unemployment and Inflation: Institutionalist and Structuralist Views. A Reader in Labor Economics (White Plains, NY: M. E. Sharpe, 1979).Google Scholar
  12. 12.
    R. Portes, ‘The Control of Inflation: Lessons from East European Experience’, Economica, May 1977, pp. 109–29.Google Scholar
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    P. Schram, ‘China’s Price Stability: Its Meaning and Distributive Consequences’, J. Comparative Economics, Dec. 1977, pp. 367–88.Google Scholar
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    H. Sherman, Stagflation: A Radical Theory of Unemployment and Inflation (New York: Harper and Row, 1976).Google Scholar
  15. 15.
    Laura D. A. Tyson, ‘The Yugoslav Inflation: Some Competing Hypotheses’, J. Comparative Economics, June 1977, pp. 113–46.Google Scholar

Copyright information

© Jozef Wilczynski 1983

Authors and Affiliations

  • J. Wilczynski
    • 1
  1. 1.University of New South Wales at DuntroonRoyal Military College, DuntroonCanberraAustralia

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