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stagflation, with the expansion of pecuniary values in the 'business' sphere depending on the strategic limitation of productive … with relatively modest stagflation, whereas the second, post-1970 regime consisted of stable (or even declining …) concentration amidst severe stagflation. …
Persistent link: https://www.econbiz.de/10011646704
This essay deals with the relationship between stagflation and the process of restructuring. The literature dealing … phenomenon of stagflation and the process of structural change. Of the few who dealt with this issue, we have chosen to focus … in their respective frameworks, both writers arrive at a similar conclusion, namely, that the phenomenon of stagflation …
Persistent link: https://www.econbiz.de/10011647601
Las teorías convencionales del capitalismo están sumidas en una profunda crisis: tras siglos de debates todavía son incapaces de decirnos qué es el capital. Tanto liberales como marxistas se refieren al capital como una entidad 'económica' que puede ser contabilizada en unidades universales...
Persistent link: https://www.econbiz.de/10011822996
Abstract This paper revisits the issue of what factors produced the macroeconomic policies that led to the Great Inflation of the 1970s. I emphasize that a satisfactory explanation should satisfy two important criteria. First, it must be consistent with the record of views on the economy,...
Persistent link: https://www.econbiz.de/10014588477
After detrending Iran’s growth rates into stochastic and deterministic components and by decomposing nominal shocks into inflation and real output growth, 80% of the demand side shocks are found to be absorbed by price increases. This finding would cast doubt on the compatibility between...
Persistent link: https://www.econbiz.de/10014618732
Rapid technological change is often touted as a fundamental reality of capitalist societies. It is also often presented as concrete evidence for the supposed progressive improvement of material well-being that characterises the capitalist system of social order. Since its emergence in the...
Persistent link: https://www.econbiz.de/10013342803
The rapid recovery of demand combined with supply constraints has led to rising prices during the past months. This is evident in oil and gas markets, but also in international trade, which has been thrown out of step by bottlenecks at Asian ports. This situation creates a trade-off for the...
Persistent link: https://www.econbiz.de/10013343167
Wohlstandsverlust nach außen. Das Eingreifen der EZB erhöht gleichzeitig das Rezessionsrisiko. Die Stagflation ist ein veritables Risiko …
Persistent link: https://www.econbiz.de/10013346316
Few will argue with the claim that shortages are socially harmful. Shortages, by definition, imply a lack of something – not enough stuff to go around. A shortage of food implies hunger; a shortage of electricity implies darkness. But are shortages harmful to everyone equally? And if they are...
Persistent link: https://www.econbiz.de/10013396060
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 …
Persistent link: https://www.econbiz.de/10013492945