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Rising Prices and Inflation

  • D. C. Rowan
Chapter

Abstract

In this chapter we examine the problem of rising prices — commonly called the problem of inflation. In Chapter 17 we developed, as part of our short-run static model, a theory which explained the determination of equilibrium level of prices. In that chapter we did not discuss inflation although we did characterise one situation described in that chapter as an inflationary one.

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Suggested Reading

  1. J. C. R. Dow, The Management of the British Economy, 1945–1960 (Cambridge, 1964).Google Scholar
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  15. R. M. Solow,† Price Expectations and the Behaviour of the Price Level (Manchester Univ. Press, 1969).Google Scholar

Copyright information

© D. C. Rowan 1974

Authors and Affiliations

  • D. C. Rowan
    • 1
  1. 1.University of SouthamptonUK

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