Brian Romanchuk — Coming To Grips With Neoclassical Views On Inflation And The Cycle

Summary:
The role of prices and inflation in neo-classical ("mainstream") economic theory is awkward for us non-mainstream inclined. The price level is simultaneously of critical important for explaining activity as well as being an outcome of other parts of the economy. This makes the subject of inflation extremely awkward for my planned book on business cycles -- as I am pushing the subject of inflation to a later book. Instead, I only aim to have a short chapter explaining the absence of inflation analysis. This article are some preliminary comments that I hope to work into that chapter.... Bond Economics Coming To Grips With Neoclassical Views On Inflation And The CycleBrian Romanchuk

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Mike Norman considers the following as important: inflation

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