Quarterly Journal of Austrian Economics

Monetary Inflation's Effect on Wealth Inequality: An Austrian Analysis

The Quarterly Journal of Austrian Economics
Downloads

Volume 11, No. 1 (2008)

 

Austrian monetary inflation theory claims that changes in the money supply are disproportionately distributed throughout an economy, and as a result wealth inequality is exacerbated. This study proposes and tests a model illustrating this connection. After testing the model’s validity, this study compares monetary inflation’s effect on several measures of wealth inequality, concluding that not only is monetary inflation a significant variable, but its effect on wealth inequality is more pronounced at the extremities of an income distribution.

CITE THIS ARTICLE

Balac, Zoran. "Monetary Inflation's Effect on Wealth Inequality: An Austrian Analysis." The Quarterly Journal of Austrian Economics 11, No. 1 (2008): 1–17.

All Rights Reserved ©
Support Liberty

The Mises Institute exists solely on voluntary contributions from readers like you. Support our students and faculty in their work for Austrian economics, freedom, and peace.

Donate today
Group photo of Mises staff and fellows