ABSTRACT

This conclusion presents some closing thoughts covered in the preceding chapters of this book. The book titled A Study in the Theory of Inflation indicates that it is not in any way supposed to be an exhaustive treatment of the problems of inflation. Much inflation theory is worked out in terms of supply of and demand for money; we have not made use of this approach and we have also shown why this type of analysis is not very suitable for the problems of inflation. Nearly all other inflation theory is expressed in terms of a difference between investment and saving. The models used as bases for the reasoning and conclusions drawn are, from the purely theoretical point of view, characterized by the explicit inclusion of disequilibrium in the labour-market in the analysis and by the fact that equilibrium between demand and supply in the labour-market is in general regarded as a necessary condition for total equilibrium.