A theory of accumulation and secular stagnation : a Malthusian approach to understanding a contemporary malaise
tarafından
 
Aronoff, Daniel, 1961- author

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

Yazar
Aronoff, Daniel, 1961- author

ISBN
9781137562203

Yazar Ek Girişi
Aronoff, Daniel, 1961- author

Fiziksel Tanımlama
vii, 136 pages : illustrations ; 23 cm

Seri
Palgrave pivot.

İçerik
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.

Özet
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 to comprehend the causes of the Great Depression of the 1930s. Now, Aronoff demonstrates how a related but slightly different aspect of Matlthus's thought can illuminate one of the most pressing issues of our times. In A Theory of Accumulation and Secular Stagnation, Aronoff explores Mathus's ideas relating to secular stagnation and uses the insight gained to understand the origins of the subpar growth and tepid employment, periodically punctuated by booms, that has plagued the US economy since the turn of the millenium. He explains how the rise of mercantilism among Asian countries - principally China - and increased income concentration generated an upsurge in excess saving. This accumulation created a chronic deficiency in demand while also depressing interest rates, which generated a search for yield that fueled periodic booms. -- from back cover.

Konu Ek Girişi
Malthus, T. R., 1766-1834.

Konu Başlığı
Consumption (Economics).
 
Tüketim (Ekonomi).


LibraryMateryal TürüDemirbaşYer NumarasıDurumu / Lokasyon / İade Tarihi
Ekonomi KütüphanesiKitapEKOBKN0000107330.153092 ARO 2016Merkez Kütüphane Genel Koleksiyon