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Daniel Aronoff has written 3 work(s)
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Product Description: 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...read more
Hardcover:
9781137562203 | Palgrave Pivot, December 9, 2015, cover price $67.50 | About this edition: 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.
Paperback:
9781349719846 | Palgrave Pivot, June 8, 2016, cover price $54.99 | About this edition: Aronoff explores and extends Thomas Malthus' idea that if an economically significant group saves a large portion of income it plans never to spend, it will cause a deficiency in demand that prevents a market economy from operating at full employment on a sustainable basis.
Hardcover:
9781137553683 | Palgrave Macmillan, January 20, 2016, cover price $120.00
Paperback:
9781349575473 | Reprint edition (Palgrave Macmillan, September 26, 2016), cover price $125.00
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