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 …

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is …

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 … inflation rears its head, it ought to come with economic stagnation. In other words, stagflation is the norm. If this …