Contents

Chapters in this book

1. Frontmatter I
2. Contents V
3. Preface VII
4. Part I. The Nature and Cause of Inflation
5. 1. Emergence of The “Problem” of Inflation 3
6. 2. Monetary Versus Cost-Push Theories of Inflation 51
7. 3. Changes in the Cyclical Behavior of Prices 69
8. Part II. The Escalation of Inflation since 1965
9. 4. From the Beginning of Inflation in 1965 to the Imposition of Price Controls in 1971 97
10. 5. The Economy under Controls, 1971–1973 157
11. 6. Foreign Influences in the Inflationary Outburst of 1973–1974 179
12. 7. Recovery from the Recession of 1973–1975 195
13. Part III. Policy Issues
14. 8. The Reduction of Inflation and the Magnitude of Unemployment 203
15. 9. The Reduction of Inflation by Slack Demand 227
16. Appendix Tables 253
17. Notes 259
18. References Cited 271
19. Index 279