Rising Prices and Inflation

  • D. C. Rowan


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.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Suggested Reading

  1. J. C. R. Dow, The Management of the British Economy, 1945–1960 (Cambridge, 1964).Google Scholar
  2. F. W. Paish, Studies in an Inflationary Economy (Macmillan, 1962) ch. xvii.Google Scholar
  3. A. Marin, The Phillips Curve (Born 1958-Died?)’, The Three Banks Review (Dec 1972).Google Scholar
  4. ‘Some Aspects of the Present Inflation’, N.I.E.S.R. Review (Feb 1971) pp. 38–49.Google Scholar
  5. O.E.C.D., Inflation, the Present Problem (Paris, 1970).Google Scholar
  6. J. Burton, Wage Inflation (Macmillan, 1971).Google Scholar
  7. O.E.C.D., The Problem of Rising Prices (Paris, 1961).Google Scholar
  8. J. C. R. Dow and L. A. Dicks-Mireaux, Trice Stability and the Policy of Deflation’, N.I.E.S.R. Review no. 3 (1959).Google Scholar
  9. W. B. Reddaway, ‘Rising Prices for Ever?’, Lloyds Bank Review (Jul 1966).Google Scholar
  10. L.A. Dicks-Mireaux and J. R. Shepherd, ‘The Wage Structure and Some Implications for Incomes Policy’, N.I.E.S.R. Review no. 22 (1962).Google Scholar
  11. R. G. Lipsey, An Introduction to Positive Economics (Weidenfeld & Nicolson, 1971) appendix to ch. xxxiii.Google Scholar
  12. J. C. R. Dow,† ‘An Analysis of the Generation of Price Inflation’, Oxford Economic Papers (Oct 1956).Google Scholar
  13. J. C. R. Dow and L. A. Dicks-Mireaux,† ‘The Determinants of Wage Inflation: U.K., 1946–56’, Journal of the Royal Statistical Society Series A, vol. 122(1959).Google Scholar
  14. L. A. Dicks-Mireaux,† ‘The Interrelationship between Cost and Price Changes, 1946–1959’, Oxford Economic Papers, vol. 13 (Oct 1961).Google Scholar
  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

Personalised recommendations