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A Theory of Accumulation and Secular Stagnation: A Malthusian Approach to Understanding a Contemporary Malaise
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Hardcover
from Palgrave Pivot (December 9, 2015)
9781137562203 | details & prices | 136 pages | 6.00 × 9.00 × 0.50 in. | 0.70 lbs | List price $67.50
About: 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.
About: 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.