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This paper highlights the role of climate change as a persistent, systemic, long-term inflationary driver. The inflationary impacts of climate change have been commonly overlooked in the economic literature. As global temperatures rise and extreme weather events become more frequent and severe, the inflationary effects of climate change will only intensify. These effects could be further exacerbated by the considerable pricing power of the corporate sector. As a persistent inflationary driver, climate change poses a serious threat to central banks' ability to maintain price stability mandates. The traditional tools of monetary policy will be ineffective in curbing climate change-induced price pressures. Further, growth-based Green New Deal and related fiscal policies will be ineffective at mitigating climate change and reducing its inflationary impacts. Unless degrowth solutions are sought, climate change and its price effects will only intensify over time. [ABSTRACT FROM AUTHOR]

He was highly critical of the ideological structure behind capitalism with liberalism putting property over people (Losurdo [35]; Henry [27]) and neoclassical economics being one, among other, frauds used to justify the capitalist socio-economic order (Henry [12]). I Erik Olsen i Recollections of John F. Henry I first encountered John in an Economics of Racism class at California State University-Sacramento in the summer of 1976. If one bases their analysis on social foundations, John argues, an ensuing theory cannot be natural, normal, and universal (which are the characteristics of neoclassical economics that John considered the "illusion" of our epoch). A festschrift in Dr. Henry's honor, I Marx, Veblen, and the Foundations of Heterodox Economics: Essays in Honor of John F. Henry i , was published in 2015 (Jo and Lee [31]). In particular, I'm thinking of John's essay on Keynes as a Neoliberal (Henry [30]) and a piece on Frank Knight, "Ethics and Economic Theory" (Henry, unpublished manuscript). [Extracted from the article]