Date of Award


Document Type


Degree Name

Master of Arts


Master of Business Education


Inflation is one of the most persistent economic problems of our time — one which we may have to live with for some time to come. It is an old problem which has invaded mankind since money was invented. At the same time, it is a new problem, because it can never be solved once and for all.

Inflation can be understood rather well. Fundamentally, its causes are simple and its effects are easy to recognize. In spite of our knowledge and experience of inflation, an agreement cannot be reached on how to best control inflation and its attacks on our economic system.

There are a number of reasons why inflation is so difficult to control. First, inflation is the result of a combination of causes which vary in importance from one situation to another. We live in a changing world; institutions change, techniques of production are new, new laws modify or replace the old; property and wealth are redistributed, and population grows. As a result, Inflationary processes and pressures always reappear in new forms which create new conflicts and interests which must be resolved in the context of social changes and economic circumstances.

Committee Chair/Advisor

William C. Ferguson


Prairie View Agricultural And Mechanical College


© 2021 Prairie View A & M University

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Date of Digitization


Contributing Institution

J.B . Coleman Library

City of Publication

Prairie View





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