Titlebook: Wage Inflation; John Burton Textbook 1972Latest edition Macmillan Publishers Limited 1972 economics.flat.Inflation.macroeconomics

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Introduction, in overall price and wage levels. This widespread and persistent phenomenon has been aptly labelled ‘creeping inflation’, and it is this phenomenon — mainly on the wages side — with which this book is concerned.

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Theories of Inflation,f different theories: a more appropriate way of regarding them is that they delineate two major ‘schools of thought’ concerning inflation. Within each ‘school’ there are a number of separable and distinct theoretical positions, each of which is accompanied by a retinue of vague tenets and beliefs. S

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Theories of Inflation,f different theories: a more appropriate way of regarding them is that they delineate two major ‘schools of thought’ concerning inflation. Within each ‘school’ there are a number of separable and distinct theoretical positions, each of which is accompanied by a retinue of vague tenets and beliefs. S

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Methodological Problems in Wage Inflation Research,l is based on the assumptions and concepts of orthodox micro-economic theory concerning perfect competition and ‘demand and supply’. The trouble is that orthodox micro-economics is essentially a ‘static’ theoretical structure; no propositions can be derived from it concerning the dynamic behaviour o

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