Vugalter. The Phenomenon of Inflation as a Result of Economic Controversy (cognitive Canonical Models)

Social Sciences / Economics / Macroeconomics

Submitted on: Oct 28, 2014, 14:42:58

Description: The article describes the inflationary process in the two self-contradictory sections: as a consequence of the uneven development of economic sectors, and in relation to comparable countries with different amounts of gross product. The proposed cognitive canonical model of economic relations as a closed system, possible to prove the theorem at that: 1) there is a form of inflation, which follows directly from the fact of uneven development of industries and to a fair distribution of goods between producers and 2) an increased rate of inflation in the country lagging behind in comparison with the best results from the differences between the levels of unit of GDP in these countries, with the assumption of equal velocities (the first derivatives with respect to time) of their growth both in real and nominal terms. The results of the study - a way of certain economic relations, fully manifest themselves only in the framework of our model, and partly - in the real world, it is the extent to which it reflects the model. Keywords: money, inflation, the methodology of economics, uneven economic development, cognitive model, the canonical model, closed system, open system, equitable distribution, the theory of money, the theory of value, money issue, the growth speed, the pace of growth. JEL: E31

The full-text article has been published in the "IntellectualArchive" journal , Vol.3, Num.5, September 2014, ISSN 1929-4700.

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