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Politiche di intervento nel sistema dei prezzi Caffè e il problema dell’inflazione


  • Massimiliano Badiali


The paper focuses on Federico Caffè’s outlook towards the problem of inflation. His attention for the claims of full employment didn’t prevent him from considering rigorously the negative impact of inflation on the economic system. His analysis stresses the incidence of «administrated prices» and the distributive conflict arising from labour market on the process leading to the growth of prices in contemporary society. The policies he suggested try to overcome the trade off between inflation and unemployment arose in twentieth century economies. Among the microeconomic policies, a public regulation of private prices is required as a constraint of the inflationary movement of prices of monopolistic and oligopolistic industries. His criticism on incomes policies practiced by European and American governments is connected with the distribution inequities they contributed to set up; a fair acknowledgment of the political determinants of wages negotiation constitutes a fundamental premise for an incomes policy able to get a satisfactory stability of prices level.

Suggested Citation

  • Massimiliano Badiali, 2011. "Politiche di intervento nel sistema dei prezzi Caffè e il problema dell’inflazione," Working Papers 142, University of Rome La Sapienza, Department of Public Economics.
  • Handle: RePEc:sap:wpaper:wp142

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    References listed on IDEAS

    1. Gadrey, Jean, 2000. "The Characterization of Goods and Services: An Alternative Approach," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(3), pages 369-387, September.
    2. Zvi Griliches, 1992. "Output Measurement in the Service Sectors," NBER Books, National Bureau of Economic Research, Inc, number gril92-1, January.
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    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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