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Theoretical and Applied Economics
No. 11 / 2012 (576)

Aspects regarding the analysis of inflation evolution

„Artifex” University, Bucharest / The Bucharest University of Economic
The Bucharest University of Economic Studies
Gabriela-Victoria ANGHELACHE
The Bucharest University of Economic Studies
Alexandru MANOLE
„Artifex” University, Bucharest

Abstract. With this work, the authors are submitting the main theories, which led to the definition of the concept of “inflation”, pointing out the successive acceptations, which the economists – starting with classics, Adam Smith’s contemporaries – have granted, over the time, to this economical phenomenon. Thus, at a first phase, the term of inflation was connected to currency, later on to money while presently it is commonly used for describing prices. This change of paradigm seems to originate in a sequence of unhappy events, probably unavoidable.

Keywords: inflation; prices; resources; indices; effort.

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