Year: 1981
Author: Müller, Norbert
Credit and Capital Markets – Kredit und Kapital, Vol. 14 (1981), Iss. 1 : pp. 74–93
Abstract
Economic Power of Social Groups and Inflation
According to the central thesis of the aspiration theory of inflation, the interests of economic units are directed mainly towards increasing, or at least defending, their shares in the national product. The distribution struggle takes place in the economic process on the market and in the political process by exertion of influence on those responsible for economic policy. The conflicts are fought out within the framework of wage-negotiation autonomy, under conditions of increasing concentration on the markets and far-reaching government guarantees of full employment, and in situations of relatively elastic supply of money and credit. This constellation allows the actors strategies aimed at changing the existing distribution relations, but resulting in inflationary trends.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.14.1.74
Credit and Capital Markets – Kredit und Kapital, Vol. 14 (1981), Iss. 1 : pp. 74–93
Published online: 1981-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 20