On Wed, Feb 28, 2024 at 04:55 PM, Marv Gandall wrote: > > Economists bemoaned the slowing of economic growth from the preceding > postwar decades on so-called "wage push" inflation caused by the unions.
The term stagflation, as Mark notes, was descriptive; it did not bake in the cause. It was one manifestation of the ills of U.S. capitalism starting in the early 1970s. Many bourgeois economists blamed the working class, not economists generally. Left economists debated several different alternative explanations: falling rate of profit, end of Fordism, social structure of accumulation,... -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#29170): https://groups.io/g/marxmail/message/29170 Mute This Topic: https://groups.io/mt/104608543/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
