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A theoretical and historical account of the global political economy of oil, armament and capital accumulation in the Middel East.
Persistent link: https://www.econbiz.de/10011646695
acquisitions, stagflation and globalization as integral facets of accumulation. The framework builds on the concept of differential …-field investment, internal depth via cost-cutting, and external depth through stagflation. The complex relationships between these … century. Several broad conclusions emerge. (1) Of the four regimes, the most important are amalgamation and stagflation, which …
Persistent link: https://www.econbiz.de/10011646696
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