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A New Dimension of Inflation

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  • L. Evstigneeva
  • R. Evstigneev

Abstract

The article attempts theoretical rethinking of the inflation phenomenon. The economists have got accustomed to discuss "monetary vs. non-monetary nature of inflation", though such an approach poorly corresponds with present-day realities. Therefore the authors use the methodology of economic synergetics in their study of inflation. They reveal complicated correlations between such functions of money as a cost equivalent, a form of cost, and a reproduction model. The analysis leads to a model of an inflationary market mechanism that allows to compensate the growing capital intensity of national income by a market expansion and thus to maintain a financial stability in the economy.

Suggested Citation

  • L. Evstigneeva & R. Evstigneev, 2008. "A New Dimension of Inflation," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 7.
    • Handle: RePEc:nos:voprec:y:2008:id:1324
    DOI: 10.32609/0042-8736-2008-7-46-60
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