 TOWARD A COMPREHENSIVE DEFINITION OF THE INFLATIONARY PHENOMENONChiritescu Dumitru Dorel
Annals - Economy Series, 2025, vol. 5I, 81-96 Abstract: Being a term that is very frequently used, defining inflation might seem a rather simple undertaking. In reality, however, things are far from straightforward. For this very reason, we shall attempt today to formulate a comprehensive definition of this economic phenomenon — one capable of encompassing its entire complexity. Before anything else, the phenomenon must be divided, at least from a didactic perspective, into several of its constituent parts. Only by analysing each of these parts can we reach an understanding of its full complexity. The essential question to which we must respond is whether inflation is a phenomenon specific to the world of commodities or one that pertains to the world of money. For, in essence, this is what the issue is about. Inflation emerges at the point of contact between money and commodities. And since this contact is far from peaceful, our phenomenon arises precisely there. On the contrary, the interaction between money and the commodities whose purchase it mediates is full of contradictions and conflicts. Inflation results from these very contradictions and conflicts. Keywords: Inflation; Demand-pull inflation; Cost-push inflation; Economic policies; Inflationary spiral; Antiinflationary policies; Shortage inflation; Definition of inflation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2025:v:5i:p:81-96 Access Statistics for this article More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC. |
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