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Apply Wall Street information technology to the retail sector and pretty soon you've got a pricing revolution.
Sadly, the Budget's craft beer pricing revolution comes maybe five years too late.
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Blackwell.Fisher, D. (1989) 'The Price Revolution: A Monetary Interpretation'.
Finally, each price-wave ended in a wrenching social, political and economic upheaval.The inflation rate associated with each price revolution has risen, but the degree of upheaval has weakened.
Whatever the ultimate causes of the price revolution of the 16th century, there can be little doubt that American silver greatly aggravated the inflation in Spain in the second half of the 16th century.
Writing about the great price revolution of the 16th century -- inflation that raged for a hundred years -- Mr. Bernstein notes that some scholars blamed the constant, costly warfare among Europe's kingdoms.
The column said that while low-fare carriers had unquestionably forced a price revolution in air travel and are likely to account for 40percentt of the domestic market in 2005, it was a mistake to count the major airlines out.
Instead, prices rose dramatically in Europe by a factor of six or seven times over the next 150 years as more silver chased the same amount of goods in Europe (see chart).The impact of what historians have called the resulting "price revolution" dramatically changed the face of Europe.
This did not furnish Charles V and Philip II their largest income; Spanish taxation still exceeded wealth from the New World, yet American silver and gold proved sufficient to cause a price revolution in Spain, where costs, depending on the region, were multiplied by three and five during the 16th century.
That study of the use of land in an underdeveloped economy that was simultaneously in the midst of a population explosion and a price revolution (caused by the influx of New World gold and silver) opened a new avenue of research for historians.
The solar price revolution is finally paying off for the poor.
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