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Inflation and Distribution of Income and Wealth

In: The Distribution of National Income

Author

Listed:
  • Armen Alchian

    (University of California)

Abstract

Inquiries into the income distributive effects of inflation have been performed in several ways. Easiest is a count of assertions and allegations in the fashion of a public opinion poll. Obviously our task is not to conduct such a survey of opinion, for then we could dispense with the science of economics. Instead we take it to be that of reviewing briefly what presently validated economic theory implies about the wealth and income distributive effects, only, of inflation and to what extent we have empirical evidence supporting those implications.

Suggested Citation

  • Armen Alchian, 1968. "Inflation and Distribution of Income and Wealth," International Economic Association Series, in: Jean Marchal & Bernard Ducros (ed.), The Distribution of National Income, chapter 0, pages 618-638, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-15245-2_22
    DOI: 10.1007/978-1-349-15245-2_22
    as

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