A Theory of Accumulation and Secular Stagnation

by Daniel Aronoff

Book Overview

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.

• Format: Hardcover
• Language: English
• ISBN: 113756220X
• ISBN13: 9781137562203
• Release Date: December 2015
• Publisher: Palgrave Pivot
• Length: 136 Pages
• Weight: 0.74 lbs.
• Dimensions: 0.5" x 5.5" x 8.5"