“In the late 1970s, growth in Western economies began to slow down and returns on capital began to decline. Governments came under pressure to do something about it – to create a ‘fix’ for capital. So they attacked unions and… — Jason Hickel Copy Share Image
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment. — Paul Ormerod Copy Share Image
