Title: stagflation
[was RE: [PEN-L:32334] Re: Archetypes ]
Joanna:
Uh, is that the short way of saying unemployment + inflation?
that's right, but it's a bit more complicated. The word stagflation arose in the US during the 1970s and the very early 1980s because the dominant theory
Thursday August 1, 12:14 pm Eastern Time
Reuters Business Report
Manufacturing Growth Nearly Halts in July
By Ross Finley
NEW YORK (Reuters) - U.S. manufacturing growth nearly ground to a halt in
July, a report said on Thursday, showing the economy has cooled
significantly from earlier this year
Yoshie wrote:
When I went to college, in contrast, teachers in economics spent much time
criticizing Keynesians from one neoclassical point of view or
another. They said Keynesians couldn't come up with a viable solution to
stagflation, which destroyed the authority of Keynes.
hi, Yoshie
