The Great Inflation

The Great Inflation
Author: Michael D. Bordo
Publisher: University of Chicago Press
Total Pages: 545
Release: 2013-06-28
Genre: Business & Economics
ISBN: 0226066959

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Act on the Five-year Plan

Act on the Five-year Plan
Author: Hungary
Publisher:
Total Pages: 100
Release: 1986
Genre: Central planning
ISBN:

National plan, economic and social development, Hungary, 1986- 1990 - economic policy, industrial policy, social policy, agricultural policy, employment policy, trade policy, international cooperation, health policy, etc.; includes introductory note on economic conditions and development policy objectives. Statistical tables.

The Rise and Decline of Communist Czechoslovakia ́s Railway Sector

The Rise and Decline of Communist Czechoslovakia ́s Railway Sector
Author: Tomáš Nigrin
Publisher: Central European University Press
Total Pages: 260
Release: 2022-06-21
Genre: Political Science
ISBN: 9633864771

Once the pride of interwar Czechoslovakia, and key during the forced industrialization of the Stalinist period, during the 1970s and 1980s the Czechoslovak railway sector showed the symptoms of the political tiredness and economic exhaustion of the Soviet Bloc. This book examines the failure of central economic planning through the lens of this national transport system. Based on the presentation of its history and on the detailed scrutiny of the actors, institutions, internal mechanisms, and conditions of the railway sector, the analysis reveals the identities of the real stakeholders in the state administration. This case shows how the country was governed by Communist Party institutions and government ministries, and how developments in the transportation sector—like in every sector—reflected their priorities. Numerous tables with selected statistics underscore the economic analysis and black and white photos offer a glimpse on the technical base of the railway sector. The book is filled with enlightening comparisons of the Czechoslovak transportation industry with its counterparts in the whole Eastern Bloc. Integration into the Council for Mutual Economic Assistance (Comecon) of the Bloc could have been an asset, yet the records have more to say about conflicts than cooperation.

Forty Years of Renovating the Income Distribution in China

Forty Years of Renovating the Income Distribution in China
Author: Heng Quan
Publisher: Springer Nature
Total Pages: 299
Release: 2021-02-15
Genre: Business & Economics
ISBN: 9813362448

This book focuses on an attractive theoretical subject as well as a practical issue, which analyses the inner relationship of economic growth and income distribution in China. During the forty years of China’s reform and opening up many influential changes occurred in the structure of the national income distribution, the mechanism of income distribution, and the policies of distributing income with the high-speed development of China. From historical and regional analysis, this book collects a good deal of data and objectively summarizes the practice and experience of renovation of income distribution in China. Based upon the summary and conclusion above, the book paraphrases and creates a conceptual mechanism, a basic theory, and a basic methodology of socialism with Chinese characteristics and discovers the internal rules of the changing relationship between high-speed economic development and income distribution in China to guide and facilitate the further improvement and innovative development of income distribution in China. Furthermore, the book enriches the political economy theory of socialism with Chinese characteristics in the aspect of practical experience, as well as theory.