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Power, Norms, and Inflation A Skeptical Treatment

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ISBN-10: 0202304299

ISBN-13: 9780202304298

Edition: 1992

Authors: Michael R. Smith, Michael Smith

List price: $57.95
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Description:

Explanations for inflation had for a long time been ceded to the purview of economists. The acceleration in rates of inflation within advanced economies during the 1960s and 1970s, however, prompted sociologists and political scientists to attempt their own accounts for this phenomenon.There are two major competing explanations of the postwar inflation. One, most commonly held by economists, is that inflation has been produced by governments through a combination of policy errors and cynical manipulation of policy for electoral purposes. The other, often advanced by sociologists and political scientists as an alternative, is that inflation has been an outcome of class conflict. In his study…    
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Book details

List price: $57.95
Copyright year: 1992
Publisher: Aldine Transaction
Publication date: 12/31/1992
Binding: Hardcover
Pages: 307
Size: 6.50" wide x 9.75" long x 1.00" tall
Weight: 1.430
Language: English

Michael R. Smith is Professor and Chair of the Department of Sociology, McGill University. He has published widely on the subject of the boundary between sociology and economics, including: labor relations and industrial disputes; the wage determination process; the Canada-U.S. free trade agreement; the implications of the European single-market for the Canadian chemical industry; the effects of computers on the organization of office work; and the postwar inflation.

Acknowledgments
Introduction
Orthodox Economic Treatments
Three Macroeconomic Theories
The Theories Compared
Notes
Pure Self-Interest and the Politics of Inflation
A Democratic Basis for Inflation
The Evidence
Public Choice Accounts of Inflation: An Appraisal
Notes
Theories of Secular Decline
Unbridled Demands
Institutional Sclerosis
The Decline of Hegemony
Conclusion
Notes
Wage-Push
The Mechanics of a Wage-Push
The Evidence
Direct Evidence of a Wage-Push
Conclusion
Notes
Corporatism and the Long Run
Neocorporation and Economic Performance
Some Reservations
A More Fundamental Issue
Notes
The Effects of Institutions on Macroeconomic Performance
Quantitative Studies: Some Methodological Problems
Institutions and Performance: Claims and Alternatives
Germany
Austria
Sweden
Japan
Conclusion
Notes
Marxist Theories
Theories of Crisis
Marxist Accounts: An Appraisal
Conclusion
Notes
Conclusion
What Did Cause the Postwar Inflation?
Power, Norms, and Economic Sociology
Notes
References
Index