The Rise and Fall of Stagflation: Preliminary Results

James Devine
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James Devine: Economics Department, Loyola Marymount University, Los Angeles CA 99046-8410 jdevine@lmumail.lmu.edu

Review of Radical Political Economics, 2000, vol. 32, issue 3, 398-407

Abstract: This paper explains the rise and fall of stagflation between 1960 and 1998 in terms of the fall and rise of the cyclically-corrected profit rate as part of a preliminary investigation. Not only is the theory presented and compared to mainstream visions of the Natural Rate of Unemployment, but empirical evidence for my thesis is marshaled.

Keywords: Stagflation; United States; Profit rate (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:32:y:2000:i:3:p:398-407

DOI: 10.1177/048661340003200305

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