The Resource A Theory of Accumulation and Secular Stagnation: A Malthusian Approach to Understanding a Contemporary Malaise, by Daniel Aronoff, (electronic resource)

A Theory of Accumulation and Secular Stagnation: A Malthusian Approach to Understanding a Contemporary Malaise, by Daniel Aronoff, (electronic resource)

Label
A Theory of Accumulation and Secular Stagnation: A Malthusian Approach to Understanding a Contemporary Malaise
Title
A Theory of Accumulation and Secular Stagnation: A Malthusian Approach to Understanding a Contemporary Malaise
Statement of responsibility
by Daniel Aronoff
Creator
Contributor
Author
Provider
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 fuelled periodic booms
http://library.link/vocab/creatorName
Aronoff, Daniel
Image bit depth
0
LC call number
HG171
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
SpringerLink
http://library.link/vocab/subjectName
  • Finance
  • Finance--History
  • Economics
  • Macroeconomics
  • Economic history
  • Finance
  • Financial History
  • Finance, general
  • Economic Theory/Quantitative Economics/Mathematical Methods
  • Political Economy/Economic Policy
  • Economic History
  • Macroeconomics/Monetary Economics//Financial Economics
Label
A Theory of Accumulation and Secular Stagnation: A Malthusian Approach to Understanding a Contemporary Malaise, by Daniel Aronoff, (electronic resource)
Instantiates
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
VIII, 144 p.
File format
multiple file formats
Form of item
electronic
Isbn
9781137562210
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1057/9781137562210
Other physical details
online resource.
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(DE-He213)978-1-137-56221-0
Label
A Theory of Accumulation and Secular Stagnation: A Malthusian Approach to Understanding a Contemporary Malaise, by Daniel Aronoff, (electronic resource)
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
VIII, 144 p.
File format
multiple file formats
Form of item
electronic
Isbn
9781137562210
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.1057/9781137562210
Other physical details
online resource.
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(DE-He213)978-1-137-56221-0

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