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A Theory of Accumulation and Secular Stagnation

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...

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Main Author: Aronoff, Daniel. (Author, http://id.loc.gov/vocabulary/relators/aut)
Corporate Author: SpringerLink (Online service)
Language:English
Published: New York : Palgrave Macmillan US : Imprint: Palgrave Pivot, 2016.
Edition:1st ed. 2016.
Subjects:
Finance—History.
Finance.
Economic theory.
Economic policy.
Economic history.
Macroeconomics.
Financial History.
Finance, general.
Economic Theory/Quantitative Economics/Mathematical Methods.
Economic Policy.
Economic History.
Macroeconomics/Monetary Economics//Financial Economics.
Online Access:https://doi.org/10.1057/9781137562210

Internet

https://doi.org/10.1057/9781137562210

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