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A theory of accumulation and secular stagnation : a Malthusian approach to understanding a contemporary malaise

Author: Daniel Aronoff
Publisher: Basingstoke, Hampshire : Palgrave Macmillan, 2016.
Series: Palgrave pivot; Palgrave pivot.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
Thomas Malthus identified a crucial tension at the heart of a market economy: While an accumulation of wealth is necessary to provide the capital investment needed to generate growth, too much accumulation will cause planned saving to exceed profitable investment, which will result in secular stagnation, a condition of low growth and underemployment of resources. Keynes drew inspiration from Malthus in his attempt  Read more...
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Additional Physical Format: Ebook version :
Named Person: T R Malthus; T R (Thomas Robert) Malthus; Thomas Malthus
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Daniel Aronoff
ISBN: 9781137562203 113756220X
OCLC Number: 935682221
Description: vii, 136 pages : illustrations ; 23 cm.
Contents: Part I: The Malthus --
Ricardo Debate --
The Malthus-Ricardo debate on general glut and secular stagnation --
Say's principle and the possibilty of deficient demand --
Part II: Accumulation and secular stagnation in the contemporary United States --
The theory of accumulation and secular stagnation --
Accumulation and secular stagnation in the United States after the Turn of the Millennium --
Some concluding thoughts.
Series Title: Palgrave pivot; Palgrave pivot.
Responsibility: Daniel Aronoff, President, Landon Companies, USA.
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Abstract:

Aronoff explores and extends Thomas Malthus' idea that if an economically significant group saves a large portion of income it plans never to spend, it will cause a deficiency in demand that prevents  Read more...

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"In A Theory of Accumulation and Secular Stagnation ... Daniel Aronoff intelligently looks back to the works of early 19th-century `classical growth' economist Thomas Malthus. ... Aronoff does a Read more...

 
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