Critical Political Economy of Inflation
Product details
- ISBN 9781839997822
- Weight: 454g
- Dimensions: 153 x 229mm
- Publication Date: 15 Sep 2026
- Publisher: Anthem Press
- Publication City/Country: GB
- Product Form: Paperback
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The book provides an original critical, political economist’s introduction to the meaning, causes and consequences of inflation. It argues that it is too easy to think of inflation as a ‘thing’, when price indexes are not only complex statistical but also social constructions. It provides a historical contextualisation of price changes before a detailed engagement with rival theories of inflation’s causes. Emphasising inflation’s complexity and social character, the book both criticises and develops the kernels of truth in existing accounts in moving towards a more satisfactory synthesis. The book finally turns to neglected questions of inflation’s consequences, contesting prevailing claims that it is a general evil. Inflation tends to foster faster growth and reduced inequality.
Bill Dunn is a Professor of Economics at Kingston University, London.
