Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/274678 
Authors: 
Year of Publication: 
2023
Citation: 
[Journal:] economic sociology. perspectives and conversations [ISSN:] 1871-3351 [Volume:] 24 [Issue:] 3 [Year:] 2023 [Pages:] 1-8
Publisher: 
Max Planck Institute for the Study of Societies (MPIfG), Cologne
Abstract: 
In 1976, standing before a cheering Wall Street audience at an event during the presidential campaign, US President Gerald Ford declared: 'After all, unemployment affects only 8 percent of the people while inflation affects 100 percent.' At the time, unemployment in the US fluctuated around 8 % while the annual inflation rate was around 5.5 %.
Document Type: 
Article

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