Australian Left Review

Article Title

The Inflation Perplex

Authors

Mary Macleod

Abstract

The aims of this paper are necessarily limited. The intention is to review bourgeois economists’ interpretations of inflation and their prescriptions for controlling inflation, in an attempt to de mystify the terms of current debates. Because the emphasis is on a review of bourgeois economic perspectives, there will be little discussion of the limits of bourgeois economic rationality as such -- which fall outside the subject matter of the paper. However it is to be hoped that these limits will become obvious within the scope of the discussion. It is also hoped that it will become obvious that governmental manipulations of the economic system will not overcome the contradictions of capitalism - wherein the real problems lie.

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