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Inflation and Labour

In: Comparative Industrial Relations

Author

Listed:
  • J. Wilczynski

    (Royal Military College, Duntroon)

Abstract

Inflation can be defined as a situation in the economy where the volume of money purchasing power persistently exceeds the supply of goods and services, inducing a continuous rise in the price level and a consequent decline in the value of money. In the context of different economic systems, it is useful to make distinctions between different types of inflation.

Suggested Citation

  • J. Wilczynski, 1983. "Inflation and Labour," Palgrave Macmillan Books, in: Comparative Industrial Relations, chapter 8, pages 157-175, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06407-6_8
    DOI: 10.1007/978-1-349-06407-6_8
    as

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