T. W. Swan: “The Anatomy of Inflation”

Peter L. Swan ()
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Peter L. Swan: UNSW (Sydney)

Chapter Chapter 12 in Trevor Winchester Swan, Volume I, 2022, pp 293-342 from Palgrave Macmillan

Abstract: Abstract Demand Inflationdemand inflation: “Too much money chasing too few goods”. An increase in effective demandeffective demand beyond the point of full employmentfull employment (excess demand) causes prices to be bid up; the resulting profit opportunities cause wages also to be bid up by the competition of employers; this means (in money terms) still more demand; and so a cumulative inflationinflation.

Date: 2022
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DOI: 10.1007/978-3-031-13737-2_12

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