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consumer durables are investments too, (4) to highlight how such durables fit into the macro-economic theory of slumps, (5) to …
Persistent link: https://www.econbiz.de/10005836404
A win-win measure that will contribute to getting us out of the crisis is the abolition of the tax void in OECD countries. The tax void is explained with graphics and it is shown how it can be eliminated for free. Adjustment costs will lie in understanding and adaptation of administrative...
Persistent link: https://www.econbiz.de/10005070466
The current macro-economic crisis can be diagnosed as repressed stagflation bursting into the open. The Obama … Administration and EU stimulus packages prevent economic collapse but do not tackle stagflation itself yet. Without proper measures …, a protracted period of high unemployment or high inflation and continued instability can be expected. Instead, macro …
Persistent link: https://www.econbiz.de/10005619928
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high … unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not … succeed in finding workable mechanisms. They rather fought stagflation with the ideology of the day, shifting from vulgar …
Persistent link: https://www.econbiz.de/10011108214
crisis since the Biafra war of the sixties. Currently, she is experiencing a staggering rate of inflation (well up to the … basic thesis of this proposal is that stagflation has caused and will continue to cause considerable hardship for many … “inflation crunch” have adjusted to or tried to adapt to this pressure. In other words, this phased research project proposes to …
Persistent link: https://www.econbiz.de/10005623253
economic theory. The monetary authorities and financial regulators provide us with piecemeal engineering on the fly but there … is a lack of overview. The lack of convincing theory and strategy becomes especially worrying when we see the crisis … the economic crisis that it is, but apparently with little guidance from economic theory on how to solve it. The time …
Persistent link: https://www.econbiz.de/10005623412
restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the … framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of …
Persistent link: https://www.econbiz.de/10005789620
The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about changes in wages and prices and entail political and...
Persistent link: https://www.econbiz.de/10005187342
the Middle East. Much of their explanation – including both theory and fact – is plagiarized. It is cut and pasted, almost …
Persistent link: https://www.econbiz.de/10005836969
union. It is argued that wage pressure will not be diminished by forming the union, and the stagflation problem that lies at …
Persistent link: https://www.econbiz.de/10008506467