A Theory of Accumulation and Secular Stagnation: A Malthusian Approach to Understanding a Contemporary Malaise

• Κύριος συγγραφέας: Aronoff, Daniel (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: New York : Palgrave Macmillan US : Imprint: Palgrave Pivot, 2016.
• Θέματα: Finance.; Finance > History.; Economic theory.; Macroeconomics.; Economic history.; Financial History.; Finance, general.; Economic Theory/Quantitative Economics/Mathematical Methods.; Political Economy/Economic Policy.; Economic History.; Macroeconomics/Monetary Economics//Financial Economics.

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 stagna...