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Note from the editor: In search of a pragmatist theory of inflation

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  • Serafin, Marcin

Abstract

In 1976, standing before a cheering Wall Street audience at an event during the presidential campaign, US President Gerald Ford declared: 'After all, unemployment affects only 8 percent of the people while inflation affects 100 percent.' At the time, unemployment in the US fluctuated around 8 % while the annual inflation rate was around 5.5 %.

Suggested Citation

  • Serafin, Marcin, 2023. "Note from the editor: In search of a pragmatist theory of inflation," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 24(3), pages 1-8.
    • Handle: RePEc:zbw:econso:274678
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