The Causes of Inflation

Mehdi Chowdhury ()
Additional contact information
Mehdi Chowdhury: Bournemouth University

Chapter Chapter 8 in Money and Inflation, 2024, pp 93-114 from Springer

Abstract: Abstract Inflation is identified as the increased need to use the human body and mind to acquire goods and services from others. Accordingly, the human-made causes of inflation are twofold, the first one is self-inflicted caused by the increased desire to consume, and the second one is due to distortionary policies of governments that change the balance of the ability of various segments. The chapter discusses how human desires have expanded in recent times causing them to work more to fulfil those needs. Modern parenting is discussed as an example. The chapter analyses the post-Covid-19 inflation, specifically, the housing market crisis as an example of how government policies can distort the balance of an economy. Some famines have been analysed to show the impact of policies favouring one party at the expense of another one.

Keywords: Human desire; Consumption; Modern parenting; Sports; Social media influencers; Poverty; Famine; Entitlement approach; Covid-19; Bank of EnglandBank of England; Housing market crisis (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-52356-4_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031523564

DOI: 10.1007/978-3-031-52356-4_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().