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Income Distribution Is Not Neutral In Terms of Inflation or Inflation Is A Function of the Distribution Of Income: The Case of Turkey Between 2009-2017

Journal: Efil EKonomi Araştırmaları Dergisi (Vol.2, No. 6)

Publication Date:

Authors : ;

Page : 50-58

Keywords : Income Distribution; Wages and Maximum Profit Rate; Inflation; Price Dynamics;

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Abstract

Economics resemble physics. Like in physics, there are constants and positive negative forces in economics. In the short term, the most important factor in economics is the yield of the fixed capital, the maximum profit rate. The opposing forces are workers and capitalists. While the maximum profit rate is data, workers and capitalists fight to income distribution. External or political interventions can increase share of workers (the government) that they get from maximum profit. But since the capitalists can price according to their profit targets, the Income are distributed according to the profit targets of capitalists. Inflation and income distribution are determined by capitalists. Articles, price dynamics (inflation) in Turkey during the period 2009-2017 are analyzed according to income distribution. Key Words: Income Distribution, Wages and Maximum Profit Rate, Inflation, Price Dynamics JEL Codes: E11, E25, E31

Last modified: 2019-07-11 21:26:31