# Inflation and Value Creation: An Economic and Philosophic Investigation

**Authors:** Gennady Shkliarevsky  
**arXiv:** [2301.03063](https://arxiv.org/abs/2301.03063)  
**Date:** 2023-01-08  
**Summary page:** https://www.summarizepaper.com/en/paper/2301.03063v1/

## Key points

- Inflation has been a persistent problem in America and the world for several decades
- Currently, we are facing an inflation crisis that could potentially lead to stagflation or even a full recession
- The root cause of inflation is inefficiencies and waste in our production processes
- Achieving full efficiency in production is key to solving the problem of inflation
- Economic production is the result of evolution driven by the process of creation, and modeling our economic practice on this process can help eliminate inefficiencies
- Economic theory and practice must be changed to achieve full efficiency in production
- Current theories on inflation and proposed remedies fail to address the underlying issue of inefficiencies in production processes
- Short-term fixes do not provide long-term solutions to combat inflation
- Addressing inefficiencies in our economy is important as a means to combat inflation
- Prioritizing efficiency over short-term gains can create sustainable economic growth while tackling one of the most pressing issues facing society today.

## Summary

Inflation has been a persistent problem in America and the world for several decades, and despite numerous scholarly studies and tools developed to combat it, we are still far from finding a solution. Currently, we are facing an inflation crisis that could potentially lead to stagflation or even a full recession, with no clear strategy to prevent this outcome. This investigation delves into the root cause of inflation and finds that it is not an intrinsic phenomenon of the economy but rather a result of inefficiencies and waste in our production processes. The study concludes that achieving full efficiency in production is key to solving the problem of inflation. Economic production is the result of evolution driven by the process of creation, and modeling our economic practice on this process can help eliminate inefficiencies. The report outlines ways in which economic theory and practice must be changed to achieve full efficiency in production. Furthermore, the study provides a critical overview of current theories on inflation and proposed remedies. It highlights how these remedies fail to address the underlying issue of inefficiencies in production processes. Instead, they focus on short-term fixes that do not provide long-term solutions. In conclusion, this investigation emphasizes the importance of addressing inefficiencies in our economy as a means to combat inflation. By adopting practices that prioritize efficiency over short-term gains, we can create sustainable economic growth while also tackling one of the most pressing issues facing our society today.