PL EN


1988 | 84 |
Article title

Inflacja w teorii Miltona Friedmana

Authors
Content
Title variants
PL
Inflation in Milton Friedman's Theory
Languages of publication
Abstracts
EN
The problem of inflation bold a crucial position in Friedman'a works. According to him, intensifying inflationary trends constitute a major threat for the future of capitalism both as regards effectiveness of its economics functioning and prospects of undisturbed social development. Friedman's theory of inflation is represented, in fact, by the hypothesis about a natural unemployment rate, which combined with the neo-quantitetive theory of nominal income is to explain the mechanism and causes of a general growth of prices. In the final account, Friedman believes that the cause of inflation is an erroneous state policy permitting for appearance of an excessive quantity of money in circulation. Consequently the observance of the so-called monetary rule principle i.e. maintenance of a steady growth rate of money supply in circulation is considered by him to be the most appropriate policy of price stabilization.
Keywords
Year
Volume
84
Physical description
Dates
published
1988
References
Document Type
Publication order reference
Identifiers
URI
http://hdl.handle.net/11089/6548
YADDA identifier
bwmeta1.element.hdl_11089_6548
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.