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Profit Inflation and Industrial Growth: The Historic Record and Contemporary Analogies

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  • David Felix

Abstract

Introduction, 441. — I. Profit inflation during the price revolution, 443; variations in wage lags among European countries, 444; the deflation of industrial profit inflation, 445; agricultural windfalls, 449; other effects of the inflow of specie, 450. — II. Profit inflation in the era of the Industrial Revolution, 1750–1800, 451; profit inflation in France, 451; profit inflation in Spain, 453; profit inflation in England, 454. — III. Hamilton's tour d'horizon, 457. — IV. Profit inflation in underdeveloped countries, 459; inflationary pressures from agriculture, 459; foreign exchange earnings and inflation, 460. — V. Conclusion, 462.

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  • David Felix, 1956. "Profit Inflation and Industrial Growth: The Historic Record and Contemporary Analogies," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(3), pages 441-463.
    • Handle: RePEc:oup:qjecon:v:70:y:1956:i:3:p:441-463.
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    File URL: http://hdl.handle.net/10.2307/1884233
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    Cited by:

    1. Sivesind, Charles Milton, 1975. "A dynamic programming simulation of optimal monetary policies designed to stabilize prices and employment," ISU General Staff Papers 197501010800006395, Iowa State University, Department of Economics.

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