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(stagnation + inflation) when inflation is high, the economic growth rate slows, and unemployment remains steadily high

Highlighted phrases

stagflation



the economy of the mid-1970s seemed to trade in inflation with unemployment in a phenomenon called "stagflation", where wages/prices (inflation)and unemployment rose together

in an apparent contradiction of the Phillips curve, which many by this point took as the sine qua non of Keynesianism

—p.40 America: Too Big to Fail? (21) by Mark Blyth
notable
2 years ago


The sun of Reaganomics--which saw in the unfettered market the answer to the political, economic, and cultural stagflation of the 1970s--no longer warms the lower orders of the right.

—p.34 Triumph of the Shill (31) missing author
notable
2 years, 1 month ago


With the onset of stagflation – of stagnation despite accelerating inflation

—p.34 From Legitimation Crisis to Fiscal Crisis (1) by Wolfgang Streeck
notable
2 years, 8 months ago


The “stagfl ation” of the 1970s had convinced governments and people that central banks ought to be independent of political control and target low inflation as their only objective.

—p.557 The Question of the Public Debt (540) by Thomas Piketty
notable
2 years ago


The 'stagflation' of the 1970s

—p.2 Preface (1) by Thomas Piketty
notable
2 years, 4 months ago


In the 1970s, however, both problems arose simultaneously – rising inflation and rising unemployment, or ‘stagflation’. The traditional Keynesian policy solutions were incapable of dealing with this conjunction, thus seemingly dictating a turn to alternative theories. It is important to be clear that, at this point, multiple interpretations of the economic problem were possible. The production of inflation through wage rigidities and trade union power was not the only possible framing of the problem, and neoliberalism was not the only possible solution.

—p.60 Why Are They Winning? The Making of Neoliberal Hegemony (51) by Alex Williams, Nick Srnicek
notable
2 years, 4 months ago


The problems of 'stagflation' in the core regions of capitalism in the 1970s were partially addressed by the opening up of world trade to a globalised structure of competition

—p.111 The Question of Technology (107) by David Harvey
notable
2 years, 2 months ago

The problems of 'stagflation' in the core regions of capitalism in the 1970s were partially addressed by the opening up of world trade to a globalised structure of capitalism.

—p.111 The Question of Technology (107) by David Harvey
notable
2 years, 2 months ago


Neo-Keynesian success brought its own downfall in over-accumulation, over-production, and sundry other dislocations: OPEC price hikes in oil, stagflation, the beginnings of financialization, the transfer of production to low-wage areas, the end of social compromise and the appearance of the disastrous, neoliberal solution of market fundamentalism that would reach its peak in the 1980s and 90s.

—p.130 Kaleidoscopics of Power (127) by Anders Stephanson
notable
2 years, 4 months ago


The late 1960s and the early 1970s were not just the times of oil crisis and stagflation

He goes through the whole US hegemony story in about a page (cites Yanis Varoufakis too)

—p.226 Afterword to the paperback edition (215) by Slavoj Žižek
notable
2 years, 3 months ago