Economic History

Causes of Inflation feature image: a chronological list of six economists who shaped inflation theory, from Irving Fisher in 1911 with the Quantity Theory of Money through Milton Friedman's monetarism, Edmund Phelps on expectations, Robert J. Gordon's three-channel view, Alan Blinder on costs of inflation, and John H. Cochrane's fiscal theory of the price level in 2022.

Inflation

The Causes of Inflation Insights from Renowned Economists

The causes of inflation have been studied formally for over a century, from Fisher and Friedman on money supply to...

September 5, 2023