Economics, Econometrics and Finance
10 months ago

Galbraith's Manuscript Reveals Solutions for Stagflation Crisis in 1979.

Research in the history of economic thought and methodology
The Social Consequences of Inflation and Unemployment and Their Remedies
Alexandre Chirat, Basile Clerc, Richard Holt

Paper Summary

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The article discusses the social impacts of high inflation and unemployment in the United States during the 1970s. Galbraith's manuscript offers insights into the causes of stagflation and suggests solutions to address the issue. It challenges traditional economic theories and provides an alternative perspective on how to tackle the problem.