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Andrew Elrod on the Politics of Inflation Control

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Manage episode 314022714 series 2817135
Contenu fourni par Robert Manduca and Nic Johnson, Robert Manduca, and Nic Johnson. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Robert Manduca and Nic Johnson, Robert Manduca, and Nic Johnson ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

What's the responsible thing to do if inflation starts to rise? This week we talk with Andrew Elrod, who recently completed a dissertation on the history of wage and price controls in America between 1940 and 1980 at UC Santa Barbara. It turns out that mainstream American history offers a number of options for dealing with accelerating prices; monetary policy doesn't have to be the only game in town.
"When my new theory has been duly assimilated and mixed with the politics and feelings and passions, I can't predict what the final upshot will be in its effect on action and affairs. The task of keeping efficiency wages reasonably stable... is a political rather than economic problem. I do not doubt that a serious problem will arise as to how wages are to be restrained when we have a combination of collective bargaining and full employment. But I am not sure how much light the analytical method can throw on this essentially political problem." - JMK
****** LINKS ******
Follow Andrew on twitter: @andrewelrod
Check out more of his writing here: https://andrewelrod.net/
And the articles we discussed today here:
https://bostonreview.net/class-inequality-politics/andrew-elrod-specter-inflation
https://phenomenalworld.org/analysis/many-inflations
https://phenomenalworld.org/analysis/construction-labor-shortage
*** MENTIONED ***
Mark Erlich - https://lwp.law.harvard.edu/people/mark-erlich
David Weil - Fissured Workplace - https://www.fissuredworkplace.net/
Allen J. Matusow - The Unraveling of America: A History of Liberalism in the 1960s - https://ugapress.org/book/9780820334059/the-unraveling-of-america/

  continue reading

24 episodes

Artwork
iconPartager
 
Manage episode 314022714 series 2817135
Contenu fourni par Robert Manduca and Nic Johnson, Robert Manduca, and Nic Johnson. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Robert Manduca and Nic Johnson, Robert Manduca, and Nic Johnson ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

What's the responsible thing to do if inflation starts to rise? This week we talk with Andrew Elrod, who recently completed a dissertation on the history of wage and price controls in America between 1940 and 1980 at UC Santa Barbara. It turns out that mainstream American history offers a number of options for dealing with accelerating prices; monetary policy doesn't have to be the only game in town.
"When my new theory has been duly assimilated and mixed with the politics and feelings and passions, I can't predict what the final upshot will be in its effect on action and affairs. The task of keeping efficiency wages reasonably stable... is a political rather than economic problem. I do not doubt that a serious problem will arise as to how wages are to be restrained when we have a combination of collective bargaining and full employment. But I am not sure how much light the analytical method can throw on this essentially political problem." - JMK
****** LINKS ******
Follow Andrew on twitter: @andrewelrod
Check out more of his writing here: https://andrewelrod.net/
And the articles we discussed today here:
https://bostonreview.net/class-inequality-politics/andrew-elrod-specter-inflation
https://phenomenalworld.org/analysis/many-inflations
https://phenomenalworld.org/analysis/construction-labor-shortage
*** MENTIONED ***
Mark Erlich - https://lwp.law.harvard.edu/people/mark-erlich
David Weil - Fissured Workplace - https://www.fissuredworkplace.net/
Allen J. Matusow - The Unraveling of America: A History of Liberalism in the 1960s - https://ugapress.org/book/9780820334059/the-unraveling-of-america/

  continue reading

24 episodes

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