Broadly speaking, neoclassical economists assume inflation and growth go together - a growing economy adds more jobs and reduces unemployment. A look at the changes of GDP growth and inflation over the long-term shows that there is an INVERSE relationship between inflation and growth - strong stagflation alternating with periods of growth and low inflation. (The following article shows such an inverse Philips Curve on page 257 - http://www.arts.yorku.ca/politics/nitzan/bnarchives/journal_articles/pdf/nitzan_2001_regimes_of_differential_accumulation.pdf)(posted 7438 days ago)Furthermore, the article shows a tight correlation between the corporate profits of dominant capital (the largest corporations) and stagflation.