Calmer les prix
L'inflation en Europe dans les années 1970
Slowing Down Prices
European Inflation in the 1970s
Following the oil shock of 1973, a massive wave of inflation spread throughout Europe. Combined with low growth and rising unemployment, it had major implications on the social front with conflicts linked to indexed wage-pricing, for economic theory with the controversies surrounding the Phillips curve and monetarism, and for public polic y with the priority afforded to the fight against inflation at the expense of full employment.
This volume explores these upheavals through a broad historical lens, by examining countries in Western, Northern and Eastern Europe, as well as trade unions, businesses and international organizations, particularly the European Community and GATT.