A Theory of Accumulation and Secular Stagnation: A Malthusian Approach to Understanding a Contemporary Malaise
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...
| Main Author: | |
|---|---|
| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
New York :
Palgrave Macmillan US : Imprint: Palgrave Pivot,
2016.
|
| Subjects: | |
| Online Access: | Full Text via HEAL-Link |
