Explaining theories on inflation: a critical survey

Abstract

This text aims to be a critical and systematic survey of some of the most outspread explaining theories on inflation (demand excesses; high conjuncture; currency excesses; raising wages and production costs in general; price raising in basic products; speculation; devaluation). Appealing as much as possible to the available statistic information, the author first tries to show the localized historical character of the inflation processus, a reality which these theories seldom take into consideration. From this demonstration the author derives to the necessity of the definition of another issue that might embody theoretical the same localized historical character of the inflation processus. To conclude, he presents the hypothesis that the justification of the structured and unequal way the phenomenon declares itself at a world level, must be searched in the different degrees of development and economic power of the different countries.