of stagflation across the world (IMF 2022, World Bank 2022). In almost all accounts of the mounting stagflation threats a …

contemporary evidence of stagflation in developed countries. Being the residual sector, the informal sector inevitably moves in the …

inflation. In this post, I’m going to test Jonathan Nitzan and Shimshon Bichler’s ‘stagflation thesis’. The idea is that … ‘stagflation’ — economic stagnation combined with high inflation — is not some exogenous ‘market shock’. According to Nitzan and … Bichler, stagflation is a business strategy — one of two main routes to profit. The first route to profit is for businesses to …