Considerations on the dynamics of the Italian inflation
DOI:
https://doi.org/10.13133/2037-3643/12810Keywords:
Italy, inflation, lira, inflationist processes, development, structural problemAbstract
The article presents an analysis of the growth of the inflation of the lira during the several phases of the war and during the first post-war period down to the beginning of 1947, rectifying, on the strength of some recent statistical returns, some factual errors which have been published abroad. The analysis concludes by calling attention to the historical significance of the inflationist processes in Italy and to their character, which is that of phenomena not natural to a backward and laborious development of capitalism. Considered from this standpoint, the problem of the inflation of the lira ceases to be an exclusively financial and economic problem, and tends to become also a sociological question of difficult structural transformation.
JEL: E31, O11