Bent Hansen’s theory of inflation 19511
Claes-Henric Siven
The European Journal of the History of Economic Thought, 2021, vol. 28, issue 2, 249-272
Abstract:
Bent Hansen’s analysis of repressed and open inflation was to some extent based on microeconomics, he analysed the interaction between wage and price inflation and discussed economic policy problems when there were goals in addition to that of curbing inflation. Hansen was influenced by Erik Lindahl who, like the other members of the Stockholm School was critical to the quantity theory of money. Hansen’s book contains early analyses of spill-over effects and building blocks of the supply multiplier.
Date: 2021
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DOI: 10.1080/09672567.2020.1805484
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