This paper explains the interior mechanism of changing productivity leading to the change of overall price level. The change of productivity of goods will lead to the change of the value of the goods, then the change of the price system. In paper money system, price change has a "upward" tendency that leads to the rise of overall price level. Therefore the rise of overall price level in a degree is an inevitable and recurring phenomenon.
|Translated title of the contribution||The Interior Mechanism of Changing Labor Leading to the Rise of Overall Price Productivity Level|
|Original language||Chinese (Simplified)|
|Number of pages||4|
|Publication status||Published - 2005|
- labor productivity
- overall price level