Heterodox theories of inflation

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dc.contributor.authorÖzden, Oktay
dc.date.accessioned2026-04-04T18:48:44Z
dc.date.available2026-04-04T18:48:44Z
dc.date.issued2025
dc.description.abstractThe present chapter delves into heterodox theories of inflation. The chapter consists of two main sections. The first one examines the evolution of Post Keynesian, institutionalist, and Marxian theories on inflation. Post Keynesians argue that pricing power and distributional conflicts are crucial factors influencing prices, although the cost base structure also plays a significant role in inflation. Institutionalists propose the concept of administered prices, where sellers adjust prices based on new information. Marxians consider profit, capital, and power as the driving forces behind capitalism. These forces exert both pulling and resisting pressures on market prices. While these schools of thought interact with one another, they approach the issue from different angles and emphasize different aspects. Thus, the section also highlights their points of convergence and divergence. The subsequent section investigates recent inflation and its impact on income and wealth distribution. The COVID-19 pandemic has sparked debates about the causes of current inflation and has drawn scholars’ attention toward these heterodox approaches. Consequently, this section elucidates the drivers of current inflation and evaluates the implications of these heterodox perspectives. © 2026 selection and editorial matter, Tae-Hee Jo, Lynne Chester, and Carlo D’Ippoliti; individual chapters, the contributors.
dc.identifier.doi10.4324/9781003687054-10
dc.identifier.endpage138
dc.identifier.isbn978-104075883-0
dc.identifier.isbn978-104116927-7
dc.identifier.scopus2-s2.0-105028346344
dc.identifier.scopusqualityN/A
dc.identifier.startpage118
dc.identifier.urihttps://doi.org/10.4324/9781003687054-10
dc.identifier.urihttps://hdl.handle.net/11411/10325
dc.identifier.volume2
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherTaylor and Francis
dc.relation.ispartofThe Routledge Handbook of Heterodox Economics: Volume 2: Dynamics and Alternatives, Second Edition
dc.relation.publicationcategoryKitap Bölümü - Uluslararası
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_Scopus_20260402
dc.subjectInflation
dc.subject'Current
dc.subjectBase Structure
dc.subjectCost Basis
dc.subjectDriving Forces
dc.subjectIncome Distribution
dc.subjectMarket Price
dc.subjectPower
dc.subjectPrice-Based
dc.subjectWealth Distributions
dc.subjectCosts
dc.titleHeterodox theories of inflation
dc.typeBook Chapter

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