chapter in: "The SAGE Encyclopedia of Business Ethics and Society 2nd Edition", ISBN: 9781483381510 (2017)
7 Pages Posted: 19 Jan 2017
Date Written: November 9, 2016
This is an entry for the second edition of Sage's Encyclopedia of Business Ethics and Society. It is a brief explanation of inflation, its causes and its consequences. Inflation has important economic, political, social and ethical implications for countries, especially because it affects the standard of living and distribution of income among citizens. The entry also discusses how inflation can be reduced and touches upon the issue of deflation.
Keywords: Inflation, Prices, Income distribution, Monetary policy, Ethics
Suggested Citation: Suggested Citation