Structural inflation and today’s conflict inflation
DOI:
https://doi.org/10.13133/2037-3651/19260Keywords:
Juan Noyola, John Kenneth Galbraith, conflict inflationAbstract
In this article, we analyze Juan Noyola’s framework for diagnosing inflation’s origins and methods of propagation and compare them with the very similar methodology of John Kenneth Galbraith on the same subject. In order to highlight the continued relevance of Noyola and Galbraith’s institutionalist approach, we contrast the different economic environments of Latin America and the United States (US) of over a half-century ago with those of today, and discuss several other authors who likewise reject the mainstream narrative.
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