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000808238 020__ $$a9781137562227$$q(electronic book)
000808238 020__ $$a1137562226$$q(electronic book)
000808238 020__ $$a9781137562210$$q(electronic book)
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000808238 020__ $$z9781137562203
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000808238 035__ $$aSP(OCoLC)ocn934056906
000808238 035__ $$aSP(OCoLC)934056906
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000808238 049__ $$aISEA
000808238 050_4 $$aHB94$$b.A76 2016eb
000808238 08204 $$a330.1/53/092$$223
000808238 1001_ $$aAronoff, Daniel,$$d1961-$$eauthor.
000808238 24512 $$aA theory of accumulation and secular stagnation :$$ba Malthusian approach to understanding a contemporary malaise /$$cDaniel Aronoff.
000808238 264_1 $$aBasingstoke, Hampshire :$$bPalgrave Macmillan,$$c2016.
000808238 300__ $$a1 online resource (vii, 136 pages) :$$billustrations.
000808238 336__ $$atext$$btxt$$2rdacontent
000808238 337__ $$acomputer$$bc$$2rdamedia
000808238 338__ $$aonline resource$$bcr$$2rdacarrier
000808238 4901_ $$aPalgrave pivot
000808238 504__ $$aIncludes bibliographical references and indexes.
000808238 506__ $$aAccess limited to authorized users.
000808238 520__ $$aThomas 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.
000808238 588__ $$aPrint version record.
000808238 60010 $$aMalthus, T. R.$$q(Thomas Robert),$$d1766-1834.
000808238 650_0 $$aEconomics.
000808238 650_0 $$aConsumption (Economics)
000808238 830_0 $$aPalgrave pivot.
000808238 852__ $$bebk
000808238 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1057/9781137562210$$zOnline Access$$91397441.1
000808238 909CO $$ooai:library.usi.edu:808238$$pGLOBAL_SET
000808238 980__ $$aEBOOK
000808238 980__ $$aBIB
000808238 982__ $$aEbook
000808238 983__ $$aOnline
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