Inflation Game Redistributions and Economic Crisis Path

• Main Authors: Dorel AILENEI, Amalia CRISTESCU
• Format: Article
• Language: English
• Published: General Association of Economists from Romania 2012-03-01
• Series: Theoretical and Applied Economics
• Subjects: inflationary game; economic crisis; consumerist behaviour; contagious disease
• Online Access: http://store.ectap.ro/articole/694.pdf

Starting from the effects of the socially redistribution of wealth generated by inflation, the authors aim to identify the system of interests that supports this process, namely the connections with the economic crisis. In this aim, this work launches the hypothesis that the contagious disease of the market imbalances represents the basis for the manifestation of the inflationary process. By analyzing the assumptions and the causes of the market imbalances manifestation, the authors reveal a system of interest alliances that added to the complicit attitude of the consumers supports the manifestation of the inflationary process. The confrontation between this hypothesis and the inflationary trends in developed countries over the last four decades, respectively the recent lesson of the global economic crisis, leads to the confirmation of a common root of the inflationary phenomenon and the economic crises. The authors think that in order to avoid the emergence of new global economic crises and the negative effects of inflation, a radical behavioural change is required from both consumers and other economic agents.