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A Theory of Accumulation and Secular Stagnation

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A Theory of Accumulation and Secular Stagnation - Aronoff, Daniel
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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 ...

A Theory of Accumulation and Secular Stagnation 2016, Palgrave Pivot, New York

ISBN-13: 9781349719846

2016 edition

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A Theory of Accumulation and Secular Stagnation 2015, Palgrave Pivot, Basingstoke

ISBN-13: 9781137562203

Hardcover

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