Power, Norms, and Inflation

A Skeptical Treatment

Nonfiction, Social & Cultural Studies, Social Science, Sociology
Cover of the book Power, Norms, and Inflation by Michael R. Smith, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Michael R. Smith ISBN: 9781351497343
Publisher: Taylor and Francis Publication: September 29, 2017
Imprint: Routledge Language: English
Author: Michael R. Smith
ISBN: 9781351497343
Publisher: Taylor and Francis
Publication: September 29, 2017
Imprint: Routledge
Language: English

Explanations for inflation had for a long time been ceded to the purview of economists. The acceleration in rates of inflation within advanced economies during the 1960s and 1970s, however, prompted sociologists and political scientists to attempt their own accounts for this phenomenon.There are two major competing explanations of the postwar inflation. One, most commonly held by economists, is that inflation has been produced by governments through a combination of policy errors and cynical manipulation of policy for electoral purposes. The other, often advanced by sociologists and political scientists as an alternative, is that inflation has been an outcome of class conflict. In his study that ranges widely over the literature in the relevant disciplines, Smith examines the strengths and weaknesses of each account, with particular attention to the evidence presented in support of class-conflict explanations. He concludes that, on balance, the policy-error/cynical-manipulation explanation is better supported than its class-conflict rival.The clarity with which Smith presents these rival accounts and the critical rigor of his scrutiny make this a work of interest to advanced students in macroeconomic theory and to policy makers.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Explanations for inflation had for a long time been ceded to the purview of economists. The acceleration in rates of inflation within advanced economies during the 1960s and 1970s, however, prompted sociologists and political scientists to attempt their own accounts for this phenomenon.There are two major competing explanations of the postwar inflation. One, most commonly held by economists, is that inflation has been produced by governments through a combination of policy errors and cynical manipulation of policy for electoral purposes. The other, often advanced by sociologists and political scientists as an alternative, is that inflation has been an outcome of class conflict. In his study that ranges widely over the literature in the relevant disciplines, Smith examines the strengths and weaknesses of each account, with particular attention to the evidence presented in support of class-conflict explanations. He concludes that, on balance, the policy-error/cynical-manipulation explanation is better supported than its class-conflict rival.The clarity with which Smith presents these rival accounts and the critical rigor of his scrutiny make this a work of interest to advanced students in macroeconomic theory and to policy makers.

More books from Taylor and Francis

Cover of the book Dealing with Clients' Emotional Problems in Life Coaching by Michael R. Smith
Cover of the book Interpreting Chopin: Analysis and Performance by Michael R. Smith
Cover of the book Education, Modern Development, and Indigenous Knowledge by Michael R. Smith
Cover of the book Envy and Gratitude Revisited by Michael R. Smith
Cover of the book International Law Issues in the South Pacific by Michael R. Smith
Cover of the book Topics in Latin Philosophy from the 12th–14th centuries by Michael R. Smith
Cover of the book Child vs. State by Michael R. Smith
Cover of the book Social Justice Education in European Multi-ethnic Schools by Michael R. Smith
Cover of the book Dependency and Non-Linear Phonology by Michael R. Smith
Cover of the book The Third City (Routledge Revivals) by Michael R. Smith
Cover of the book Rational Choice Theory by Michael R. Smith
Cover of the book Women and the Family by Michael R. Smith
Cover of the book Cooking and Coping Among the Cacti by Michael R. Smith
Cover of the book What Tends to Be by Michael R. Smith
Cover of the book The General Theory of Law and Marxism by Michael R. Smith
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy