One of the challenges facing anyone who sets out to analyze and propose stabilization policies is the fact that inflationary processes, like all economic processes, are not ahistorical. As I shall try to show, inflation cannot be explained simply by affirming the existence of social actors who play differing roles in the economic process and who dispute a bigger share of the wealth to be distributed. Inflation is a more complex process than that, and can be understood only if a more structured, specific theory is developed. The book was written with two main aims in mind. The first was to develop a theoretical proposition for the study of the acceleration of inflation in the context determined by the adjustment processes which chronically inflationary economies with significantly complex productive structures encounter. The second aim was to demonstrate that because of adjustment these economies tend to move toward a situation where inflation begins to present an endogenous acceleration component which may raise serious problems for all kinds of stabilization polity.
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