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The Resource A theory of accumulation and secular stagnation : a Malthusian approach to understanding a contemporary malaise, Daniel Aronoff

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

Label
A theory of accumulation and secular stagnation : a Malthusian approach to understanding a contemporary malaise
Title
A theory of accumulation and secular stagnation
Title remainder
a Malthusian approach to understanding a contemporary malaise
Statement of responsibility
Daniel Aronoff
Creator
Subject
Language
eng
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 to comprehend the causes of the Great Depression of the 1930s. Now, Aronoff demonstrates how a related but slightly different aspect of Malthus' thought can illuminate one of the most pressing issues of our times. In A Theory of Accumulation and Secular Stagnation, Aronoff explores Malthus' 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 millennium. 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.--
Member of
Assigning source
Provided by Publisher
Cataloging source
NhCcYBP
http://library.link/vocab/creatorDate
1961-
http://library.link/vocab/creatorName
Aronoff, Daniel
Dewey number
330.905
Index
no index present
Literary form
non fiction
Series statement
Palgrave pivot
http://library.link/vocab/subjectName
  • Malthus, T. R.
  • Stagnation (Economics)
  • Consumption (Economics)
Label
A theory of accumulation and secular stagnation : a Malthusian approach to understanding a contemporary malaise, Daniel Aronoff
Instantiates
Publication
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17817158
Dimensions
23 cm.
Extent
vii, 136 pages
Isbn
9781137562203
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
System control number
  • (NhCcYBP)yb18004709
  • (OCoLC)935682221
Label
A theory of accumulation and secular stagnation : a Malthusian approach to understanding a contemporary malaise, Daniel Aronoff
Publication
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17817158
Dimensions
23 cm.
Extent
vii, 136 pages
Isbn
9781137562203
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
System control number
  • (NhCcYBP)yb18004709
  • (OCoLC)935682221

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