A Critical Political Economy of Inflation

“This thought-provoking book reframes inflation through a political economy lens, challenging orthodox and neoliberal assumptions. It presents inflation as a socially constructed process rather than a simple outcome. Clearly structured and analytically sharp, it makes a significant, original contribution and will engage economists, social scientists and organizations involved in economic education.” —Dr Alessandra Mezzadri, FHEA Professor in Global Development and Political Economy Department of Development Studies SOAS, University of London, UK.

“Bill Dunn has written a wide-ranging political economy of inflation that cuts through decades of simplistic orthodoxy. Combining history, monetary theory and class analysis, the book shows convincingly that inflation is a deeply social and political phenomenon.”—Costas Lapavitsas, Professor of Economics at SOAS University of London, UK.

“This book offers an accessible explanation of inflation, theories of inflation, and its social and political implications. It rejects dogmas and dated analyses and advances a realistic and refreshing examination of a hugely important economic phenomenon. A must read for students, activists and academics interested in the dynamic of prices and distribution in recent decades.” —Professor Alfredo Saad-Filho, Queen’s University Belfast, UK.