“Sellers’ inflation” happens when the corporate sector manages to pass on a major cost shock to consumers by increasing prices to protect or enhance its profit margins.

Isabella M Weber is an Assistant Professor of Economics at the University of Massachusetts Amherst, a Berggruen Fellow, and an Associate in Research at the Fairbank Center, Harvard University. Her first book How China Escaped Shock Therapy: The Market Reform Debate is the winner of the Joan Robinson Prize 2021 and the International Studies Association Best Interdisciplinary Book Award. For her work on China’s market reforms she has won the International Convention of Asia Scholars’ Ground-breaking Subject Matter Accolade and the Warren Samuels Prize for Interdisciplinary Research in History of Economic Thought and Methodology. Isabella holds a Ph.D. in Economics from the New School for Social Research, New York, and a Ph.D. in Development Studies from the University of Cambridge and was a visiting researcher at Tsinghua University. German born, she studied at the Free University of Berlin and Peking University for her B.A.

Jim Stanford is an Economist & Director of the Centre for Future Work at the Australia Institute. Jim is a former economist at Unifor and the author of Economics for Everyone: A Short Guide to the Economics of Capitalism, which has been published in six languages.