Conflictual Distributional Struggles and Inflation

The article is focused on what it terms a conflictual distributional approach to inflation and economic activity. It presents a brief discussion of the relationships between conflictual approaches and the mainstream approaches. It then makes some remarks on the macro-economic and micro-economic aspects of the analysis of inflation and the role of money. Analyses of price setting and wage determination are brought together to provide employment and real wage levels whereby claims on income are mutually consistent. The framework is utilised to discuss sources of inflationary pressure and the roles of capacity and demand.