Tag Archives: Distributive conflict

[embedded content]Must see video (but I'm sorry to say in Portuguese). The talk at the last Demand-led Growth conference not yet available was in English, but much shorter. Once that is published I'll link it here.

New Paper by Julia Braga and Franklin Serrano. From the abstract: The conflicting claims approach to the theory of inflation so thoroughly surveyed and well presented in Chapter 8 of Lavoie’s (2022) book is deservedly becoming increasingly consensual among heterodox (and even some notable mainstream) macroeconomists. However, the relevance of a concept (and the very existence of) a NAIRU (Non-Accelerating Inflation Rate of Unemployment) derived consistently from the very premises of the...

Everybody in the heterodox community, in the United States at least, seems very happy with Jon Stewart's performance interviewing Larry Summers. And of course, Stewart is very good at this kind of stuff. But in all fairness, in this he is canalizing some of the ideological views of the left, which on inflation are fundamentally incorrect. Stewart presents at the beginning the adding up theory of inflation, thirty percent demand, twenty five percent wages and the rest corporate greed. His...