國立虎尾科技大學 |

A Theory of Accumulation and Secular Stagnation

Record Type:	Language materials, printed : Monograph/item
Title/Author:	A Theory of Accumulation and Secular Stagnation/ by Daniel Aronoff.
Author:	Aronoff, Daniel.
Description:	VIII, 144 p.online resource. :
Contained By:	Springer Nature eBook
Subject:	Economic Policy. -
Online resource:	https://doi.org/10.1057/9781137562210
ISBN:	9781137562210

A Theory of Accumulation and Secular Stagnation
Aronoff, Daniel.

A Theory of Accumulation and Secular Stagnation[electronic resource] /by Daniel Aronoff. - 1st ed. 2016. - VIII, 144 p.online resource.

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.

ISBN: 9781137562210

Standard No.: 10.1057/9781137562210doiSubjects--Topical Terms:

669185
Economic Policy.

LC Class. No.: HG171

Dewey Class. No.: 332.09

A Theory of Accumulation and Secular Stagnation
LDR:02550nam a22003855i 4500 001 973607
003 DE-He213
005 20200630054931.0
007 cr nn 008mamaa
008 201211s2016 xxu| s |||| 0|eng d
020 $a 9781137562210 $9 978-1-137-56221-0
024 7 $a 10.1057/9781137562210 $2 doi
035 $a 978-1-137-56221-0
050 4 $a HG171
072 7 $a KFF $2 bicssc
072 7 $a BUS023000 $2 bisacsh
072 7 $a KFF $2 thema
082 0 4 $a 332.09 $2 23
100 1 $a Aronoff, Daniel. $4 aut $4 http://id.loc.gov/vocabulary/relators/aut $3 1200675
245 1 2 $a A Theory of Accumulation and Secular Stagnation $h [electronic resource] / $c by Daniel Aronoff.
250 $a 1st ed. 2016.
264 1 $a New York : $b Palgrave Macmillan US : $b Imprint: Palgrave Pivot, $c 2016.
300 $a VIII, 144 p. $b online resource.
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
347 $a text file $b PDF $2 rda
520 $a 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.
650 2 4 $a Economic Policy. $3 669185
650 0 $a Finance—History. $3 1255918
650 0 $a Finance. $3 559073
650 0 $a Economic theory. $3 809881
650 0 $a Economic policy. $3 555567
650 0 $a Economic history. $3 557541
650 0 $a Macroeconomics. $3 554837
650 1 4 $a Financial History. $3 1104729
650 2 4 $a Finance, general. $3 1069041
650 2 4 $a Economic Theory/Quantitative Economics/Mathematical Methods. $3 1069071
650 2 4 $a Economic History. $3 1105079
650 2 4 $a Macroeconomics/Monetary Economics//Financial Economics. $3 1069052
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer Nature eBook
776 0 8 $i Printed edition: $z 9781137562203
776 0 8 $i Printed edition: $z 9781349719846
776 0 8 $i Printed edition: $z 9781349719839
856 4 0 $u https://doi.org/10.1057/9781137562210
912 $a ZDB-2-ECF
912 $a ZDB-2-SXEF
950 $a Economics and Finance (SpringerNature-41170)
950 $a Economics and Finance (R0) (SpringerNature-43720)