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The steps in this paper are: (1) to recall the S = I relation and its position in macro-economics, (2) to observe how this equation is very relevant again with the renewed relunctance of banks to finance investments, (3) to point out that consumer durables are investments too, (4) to highlight...
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
fundamental cause in stagflation. This stagflation originally was open but was later hidden by financial deregulation and … innovation. By tackling stagflation the financial crisis would become manageable. A suggestion on how to tackle stagflation is …
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 April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...
Persistent link: https://www.econbiz.de/10005836969
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10005621372
economic crisis since 2007. This paper also discusses aspects of the continued stagflation, the euro, investments and the …
Persistent link: https://www.econbiz.de/10008784953