The politics of inflation in the twentieth century

Abstract

The literature on this theme has ballooned in the years since the publication of this article. For essays on recent inflation see Leon Lindberg and Charles S. Maier, eds., The Politics of Inflation and Economic Stagnation (Washington, D.C.: Brookings Institution, 1985), and the collection in which this chapter first appeared: Fred Hirsch and John H. Goldthorpe, eds., The Political Economy of Inflation (London: Martin Robertson; Cambridge, Mass.: Harvard University Press, 1978). For historical résumés of Latin American monetary experiences through the 1970s, see Rosemary Thorp and Laurence Whitehead, eds., Inflation and Stabilisation in Latin America (London: Macmillan, in conjunction with St. Antony's College, Oxford, 1979). A useful, focused volume emerged from a colloquium at the Institute for International Economics in December 1984: John Williamson, ed., Inflation and Indexation: Argentina, Brazil and Israel (Washington, D.C.: Institute for International Economics, in conjunction with MIT Press, Cambridge, Mass., 1985). A major collective project on the German inflation of the 1920s in comparative and historical perspective has been edited by Gerald D. Feldman, Carl-Ludwig Holtfrerich, Gerhard A. Ritter, and Peter-Christian Witt. Volumes include The German Inflation Reconsidered: A Preliminary Balance (Berlin: de Gruyter, 1982) and The Experience of Inflation: International and Comparative Studies (Berlin: de Gruyter, 1984). Related studies include Carl-Ludwig Holtfrerich, The German Inflation 1914–1923: Causes and Effects in International Perspective , Theo Balderston, trans. (Berlin: de Gruyter, 1986); and Gerald D. Feldman, ed., Die Nachwirkungen der inflation auf die deutsche Geschichte 1924–1933 (Munich: Oldenbourg, 1985). A major social history of the German inflation by Professor Feldman is currently near completion.

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