Inflation

boddhisatva foucault at eden.rutgers.edu
Wed Feb 1 17:32:00 MST 1995




		To whom...,


	In considering my recent discussions with Mr. Keen, I have found that
his analysis brings to light an issue for which I know of no direct Marxian
analysis, and with which I find myself at a loss.  That is inflation.


	What are the thoughts out there on the causes of inflation in a
capitalist economy from a Marxian viewpoint ?  What is the relationship to
underconsumption ?  If the market  under capitalism is dual - one for capital
and goods, the other for profit instrunments and relations - does a market
demand for profit play a role ?  If we simply accept the capitalist scarcity
analysis, does that doom socialist economies to wage/price spirals ?


	I await your replies with keen interest.



	peace


     ------------------



More information about the Marxism mailing list