The historical relationship between inflation and political rebellion, and what it might teach us about neoliberalism

Joseph Cohen () and April Linton

MPRA Paper from University Library of Munich, Germany

Abstract: Chronic inflation is argued to be politically destabilizing. We examine data on inflation and political instability that goes as far back as 500 years. Although the behavior of both prices and political rebellion have changed over these five centuries, and enduring relationship between price and political destabilization appears in our analyses. This relationship may provide insight into the context from which neoliberalism emerged, potential reasons for its failure, and some of the key dilemmas upon which the post-2008 global economic order may hinge

Keywords: inflation; political instability; long-run history (search for similar items in EconPapers)
JEL-codes: E31 N2 N4 (search for similar items in EconPapers)
Date: 2010-02
New Economics Papers: this item is included in nep-his, nep-hpe, nep-mac and nep-pol
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:22522

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