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Found 1 from your keywords: author=ARONOFF, Daniel
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A Theory of Accumulation and Secular Stagnation
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ARONOFF, Daniel

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 Ma…

Edition
Ed. 1
ISBN/ISSN
978-1-137-56221-0
Collation
VIII, 136
Series Title
-
Call Number
332 ARO t