Why Problems Do Not Go Away
The Case of Inflation
Bibliographic Data
| ID | 10097859 |
|---|---|
| Authors | Elias H Tuma (University of California, Davis, corresponding author) |
| Year | 1981 |
| Volume | 41 |
| Issue | 1 |
| Pages | 21-28 |
| Publication date | 1981-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050700042698 |
| OpenAlex | W2129251968 |
| Language | EN |
| Citations received | 1 |
| References cited | 4 |
Problems persist despite efforts to solve them because those efforts are irrelevant, inadequate, or unsupported. A behavioral structure consisting of the philosophy of the system in which the problem resides, its institutions, administration, and the operation that implements its policies is devised to analyze persistent problems such as inequality, underdevelopment, and inflation. As a chronic problem in the United States and other capitalist economies, inflation reflects a contradiction within the behavioral structure. Its resolution requires reinstatement of perfect competition, which is improbable, or change of the philosophy, which is revolutionary and equally improbable; hence, inflation will persist regardless of the measures taken against it
Competition (biology · Contradiction · Economic growth · Economics · Epistemology · Inequality · Inflation (cosmology · Keynesian economics · Neoclassical economics · Physics · Underdevelopment · Economic Theory and Policy · Mathematics · Philosophy
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,03 |
| Citation span | 1988 - 1988 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |