RETHINK
ECONOMICS
RETHINK
ECONOMICS
... and receive personalised notifications on
new pluralistic content directly into your inbox!

Sellers’ Inflation, Profits and Conflict: Why can Large Firms Hike Prices in an Emergency?

Isabella M. Weber, Evan Wasner
UMass Amherst, 2023
Level: expert
Perspectives: Institutionalist Economics, Neoclassical Economics, Other, Post-Keynesian Economics
Topic: Crises, Institutions, Governments & Policy, Macroeconomics, Money & Debt
Format: Journal Article & Book Chapter
Link: https://scholarworks.umass.edu/econ_workingpaper/343/
Isabella M. Weber and Evan Wasner challange the dominant view of inflation that it is macroeconomic in origin and must always be tackled with macroeconomic tightening. In contrast, they argue that inflation is predominantly a sellers’ inflation that derives from microeconomic origins, namely the ability of firms with market power to hike prices.

Comment from our editors:

Isabella M. Weber's view on inflation is highly relevant to understand current economic developments and policy debates.

Go to: Sellers’ Inflation, Profits and Conflict: Why can Large Firms Hike Prices in an Emergency?

This material has been suggested and edited by:

Donate

This project is brought to you by the Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.).  It is committed to diversity and independence and is dependent on donations from people like you. Regular or one-off donations would be greatly appreciated.

 

Donate