Selection of investments in an economy with inflaction

Abstract

It is particularly well known that the word inflation can be found in the majority of works by neo-classical economists such as Marshall, Edgeworth, Jevons, Menger, Paretto and Walras, among others. In fact, during the First World War, an article by Edgeworth appeared in the English magazine, The Economic Journal, on inflation, in which this concept is identified with the increase in prices caused by war expenses. Having said this, we would like to sate that this section does not have as its object to arrive at a single concept of inflation, valid and accepted with a general nature, but explicitly our intention consists in introducing the effects that the latter causes in the monetary currents of collections and payments arising from the decision to invest, based on a representation of the inflation phenomena.