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The Rise and Fall of Stagflation: Preliminary Results

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  • James Devine

    (Economics Department, Loyola Marymount University, Los Angeles CA 99046-8410 jdevine@lmumail.lmu.edu)

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.

Suggested Citation

  • James Devine, 2000. "The Rise and Fall of Stagflation: Preliminary Results," Review of Radical Political Economics, Union for Radical Political Economics, vol. 32(3), pages 398-407, September.
    • Handle: RePEc:sae:reorpe:v:32:y:2000:i:3:p:398-407
    DOI: 10.1177/048661340003200305
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    References listed on IDEAS

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