A Monetarist Interpretation of Inflation in Pre-Revolutionary Iran
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Authors
Looney, Robert
Subjects
Advisors
Date of Issue
1985
Date
Spring 1985
Publisher
Language
Abstract
Inflation poses a grave threat to any political system. It does
so because it succeeds in touching the lives of the ordinary
citizen - not some, but all - in a way in which government
development expenditures are rarely able. Whether it is hyperinflation
or gradual increases in prices over time, the damage
done to the individual and society is evident. By creating an
atmosphere of insecurity and futility, by permitting wholesale
economic injustice and by giving rise to abject poverty, an environment
is created which makes for irrationality in politics(1) and thereby deeply affects the nature and effectiveness of subsequent
stabilization measures.
Type
Article
Description
Series/Report No
Department
National Security Affairs
Organization
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NPS Report Number
Sponsors
Funding
Format
Citation
The Journal of Social, Political and Economic Studies, Spring 1985, Vol. 10, No. 1
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.