Abstract
We owe to Professors Lerner, Wallich, and Weintraub, and more explicitly to their proposals for microeconomic incomes policies (MAP, TIP, and so on), a revival of interest in a much broader range of intermediate microeconomic policies — which the skeptics call gimmicks — for control of inflation and mitigation of inflationary expectations. I call their proposals “intermediate” because they fall short of outright long-term wage and price controls; the administration of TIPs is therefore hoped to be less threatening to civil liberties. At the same time, TIPs are intended to be less recessionary — less stagflationary, if you please — than the conventional delayed-action medicine of monetary disinflation, that is, decelerated monetary growth.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1981 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Bronfenbrenner, M. (1981). Some Neglected Microeconomics of Inflation Control. In: Claudon, M.P., Cornwall, R.R. (eds) An Incomes Policy for the United States. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-8763-0_12
Download citation
DOI: https://doi.org/10.1007/978-94-009-8763-0_12
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-009-8765-4
Online ISBN: 978-94-009-8763-0
eBook Packages: Springer Book Archive