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Inflation Economics: the Heath-Barber Boom 1972-74

Steele, Gerald (2010) Inflation Economics: the Heath-Barber Boom 1972-74. Economic Affairs, 30 (3). pp. 79-81. ISSN 0265-0665

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Abstract

The UK macroeconomic boom of the early 1970s is an experiment that refutes the notion of cost–push inflation. However, such nonsense endures as the consequence of two factors. The first is the convenient ruse by which the state ducks its responsibility for monetary inflation and points the finger in other directions. The second is a potential to confuse the source of an individual price increase (rising scarcity) and the source of general price increases (excessive money).

Item Type: Article
Journal or Publication Title: Economic Affairs
Uncontrolled Keywords: Corporatism ; inflation ; Keynesianism ; monetarism
Subjects: H Social Sciences > HB Economic Theory
Departments: Lancaster University Management School > Economics
ID Code: 55022
Deposited By: ep_importer_pure
Deposited On: 13 Jun 2012 11:06
Refereed?: Yes
Published?: Published
Last Modified: 26 Jul 2012 20:33
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/55022

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