Word: ifs
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Dates: during 1970-1979
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Just what is supply economics? According to the business press, it is the latest successor to Keynesian economics: if we could ditch obsolete ideas and get a better answer for the supply side of the equation, we could overcome stagflation.
Supply economics began to reemerge during the worldwide boom of 1971-73, when food, steel, chemicals and other basic industrial materials became scarce, helping to trigger the worldwide inflation. The initial intellectual reponse to that situation was a renewed call for economic planning: if industrial bottlenecks or world food supplies...
Over the next year or two, the recession will shift attention back on demand. When will real disposable income turn up to reverse the shrinkage in the circular flow of production, income and spending? When will spending attitudes improve to give a little extra boost to retail sales? But this...
As a result of Smith's protest and Muzorewa's about-face, the London conference may have trouble convincing the parties involved to compromise. Some observers say the actions of Salisbury delegation may have foiled the long-term British strategy for the conference. For instance, the The Financial Times has...
The Patriotic Front leaders may also have little to gain from participation in election. If the Front agreed to a ceasefire, it would throw away its strongest card. President Julius Nyere of Tanzania reportedly believes that Nkomo and Mugabe would sweep free elections in an independent Zimbabwe; other observers are...