Earlier this year, Odd Lots talked about the idea of companies taking advantage of bottlenecks and other disruptions to raise their prices. Since then, the notion of this type of corporate-led inflation has burst into the public discourse with central bankers and politicians all taking a closer look. But how does this type of inflation differ from more traditional economic interpretations of prices, and what are the implications for monetary and economic policy? In this episode, we talk once again to Isabella Weber, the UMass-Amherst economics professor who dubbed this phenomenon "sellers' inflation" in a paper published earlier this year. She talks about how the way we think about inflation is changing and her own experience of seeing public attitudes shift in real time.See omnystudio.com/listener for privacy information.

Isabella Weber, an economics professor at UMass-Amherst, joins former European Central Bank President Mario Draghi to discuss his recent report on European competitiveness. They dive into Europe's struggle to compete with the U.S. and China, emphasizing the repercussions of fiscal austerity and the energy crisis. The conversation highlights the need for collaborative reforms in emerging sectors like clean technology. They also explore the potential of Europe's cultural assets and the implications of nationalism on economic strategies.

In economics, there tends to be two dominant ways of thinking about inflation. Either you agree with Milton Friedman, who described inflation as always and everywhere a monetary phenomenon (the result of too much money printing). Or you're more of a New Keynesian who thinks that higher prices are all about the relationship between demand and capacity. In a new paper inspired by Odd Lots and the series of disruptions that have rocked the economy since the global pandemic, UMass Amherst Economics Professor Isabella Weber describes a potential third way of thinking about inflation. She identifies systemically significant sources of inflation, or industries that could end up having a broader impact on a wide variety of prices. The hope is that by identifying these important sources of inflation early, policymakers can put in place measures to make sure price increases don't get out of hand. See omnystudio.com/listener for privacy information.

Economist Isabella Weber challenges inflation linked to corporate greed, facing backlash before being vindicated. Discussion covers surge in profits during pandemic, impact of price hikes on consumers, and advocating for targeted price controls. Also touches on seller's inflation, economic strategy, and need for strategic controls post-energy crisis.

Isabella Weber, Wirtschaftswissenschaftlerin an der Universität von Massachusetts, diskutiert die oft unterschätzte Inflation und ihre Auswirkungen auf die Gesellschaft. Sie beleuchtet Preiskontrollen, einschließlich erfolgreicher Experimente in Mexiko, als mögliche Lösungen gegen hohe Lebenshaltungskosten. Außerdem thematisiert sie die Notwendigkeit einer antifaschistischen Wirtschaftspolitik und deren Einfluss auf einkommensschwache Haushalte. Im Hinblick auf die Bundestagswahl erörtert sie politische Strategien, um populistischen Ansätzen entgegenzuwirken.