Inflation and Distribution of Income and Wealth

Armen Alchian

Chapter Chapter 22 in The Distribution of National Income, 1968, pp 618-638 from Palgrave Macmillan

Abstract: Abstract Inquiries into the income distributive effects of inflation have been performed in several ways. Easiest is a count of assertions and allegations in the fashion of a public opinion poll. Obviously our task is not to conduct such a survey of opinion, for then we could dispense with the science of economics. Instead we take it to be that of reviewing briefly what presently validated economic theory implies about the wealth and income distributive effects, only, of inflation and to what extent we have empirical evidence supporting those implications.

Keywords: Real Wage; National Income; Real Income; Wealth Transfer; Relative Demand (search for similar items in EconPapers)
Date: 1968
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DOI: 10.1007/978-1-349-15245-2_22

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