ABSTRACT
A necessary condition for the design of an effective set of radical economic policies and institutions is the existence of a monetary unit of account with a more or less dependable, stable, real purchasing power. Accordingly in this chapter we shall attempt to outline : first, the mechanisms of price inflation; second, the disadvantages, particularly for the radical's set of policies, of price inflation; and, third, in the light of the mechanisms and disadvantages of inflation the design of policies for the control of inflation by means which will help rather than hinder the intelligent radical's package of other economic policies.
