{"product_id":"ahmed-alouani-traditional-inflation-theories-9786209510359","title":"Traditional inflation theories","description":"The text traces the evolution of the main theories explaining inflation. Four historical approaches are distinguished: the monetary explanation, inflation by costs, inflation by excess demand and the structural and institutional approach developed by heterodox currents. Keynesianism initially combined cost and demand explanations, before monetaro-Keynesianism integrated money as the central factor in excess demand.To the right of the mainstream, monetarists and rational expectations theorists see inflation as a strictly monetary phenomenon, based on the neutrality of money and its exogenous nature, controlled by the monetary authorities.To the left of the mainstream, post-Keynesians and the regulation school analyze inflation as a structural and institutional phenomenon linked to the functioning of capitalism. They defend an endogenous conception of money and oppose monetarism, taking the monetary economy of production as their starting point.","brand":"Our Knowledge Publishing","offers":[{"title":"Default Title","offer_id":53820834873686,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0925\/5829\/5382\/files\/product_image_9786209510359_1.jpg?v=1781823299","url":"https:\/\/www.momoxbooks.com\/products\/ahmed-alouani-traditional-inflation-theories-9786209510359","provider":"momoxbooks","version":"1.0","type":"link"}