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Title variants
Causes ol Inflation in Socialist Economy
Languages of publication
Abstracts
The article deals with one of the key problems in the theory and practice of the socialist economy and, namely, with causes of inflation. In the introduction, some concepts such as economic equilibrium, full market equilibrium and inflation are defined. The last one is approached as a „process of unilateral shaking of a full market equilibrium i.e. a process of creating a surplus in consumer and investment demand in relation to supply possibilities being expressed in growth of the general price level or in a trend towards its growth". The analysis contained in the article does not constitute a comprehensive analysis as focussing attention on real reproduction process there is deliberately omitted the sphere of money. The central part of the article, taking into account the constraints introduced e arlier on, analyzes throe major causes of intlation in tho socialist economy. They include: (a) sucking of the second sector by the first sector; (b) preserving a development model based on a faster growth rate of the first than the second sector; and (c) fetishism of economic growth. In conclusions, it is stated that interaction of these negative trends loads to appearance of inflationary processes in the socialist economy.
Keywords
Year
Volume
Physical description
Dates
published
1987
Contributors
References
Document Type
Publication order reference
Identifiers
URI
http://hdl.handle.net/11089/6463
YADDA identifier
bwmeta1.element.hdl_11089_6463
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