Traditional inflation theories

By Ahmed Alouani

The text traces the evolution of the main theories explaining inflation. Four historical approaches are distinguished: the monetary explanation, inflation by costs, inflation by excess demand and the structural and institutional approach developed by heterodox currents. Keynesianism initially combined cost and demand explanations, before monetaro-Keynesianism integrated money as the central factor in excess demand.To the right of the mainstream, monetarists and rational expectations theorists see inflation as a strictly monetary phenomenon, based on the neutrality of money and its exogenous nature, controlled by the monetary authorities.To the left of the mainstream, post-Keynesians and the regulation school analyze inflation as a structural and institutional phenomenon linked to the functioning of capitalism. They defend an endogenous conception of money and oppose monetarism, taking the monetary economy of production as their starting point.

• Format: Paperback
• Language: English
• ISBN: 6209510353
• ISBN13: 9786209510359
• Release Date: January 2026
• Publisher: Our Knowledge Publishing
• Length: 60 Pages
• Weight: 0.21 lbs.
• Dimensions: 0.1" x 6.0" x 9.0"