Results 281 to 290 of about 257,487 (338)

Global secular stagnation and the rise of intellectual property monopoly

Review of International Political Economy, 2021
Explanations for slow global growth (secular stagnation) correctly focus on income inequality and wage formation but are incomplete. They ignore the source of wages and fail to ask why a rising profit share has not produced more investment.
H. Schwartz
semanticscholar   +1 more source

Secular stagnation and climate change

Review of International Political Economy
There is increasing attention and debate about the capitalist ‘growth paradigm’ and climate change. Yet, frequently left out of these discussions is the medium to long-term decline in growth rates or ‘secular stagnation’.
Matthew Soener
semanticscholar   +1 more source

Fiscal policy under secular stagnation: An optimal pump-priming strategy

Journal of Economic Dynamics and Control
This paper provides a new perspective on …scal policy. A permanent depression in aggregate demand results in multiple equilibria: a secular stagnation equilibrium characterized by a binding zero lower bound, low in‡ation, and underemployment; and a ...
Jean-Baptiste Michau
semanticscholar   +1 more source

Introduction: Secular stagnation and the end of capitalism

The Japanese Political Economy
Contemporary US economists who invoke the term secular stagnation refuse to look into the abyss to which Hansen pointed when he brought up the intractability of the problem – capitalism was no longer providing growth and the only solutions for returning ...
Radhika Desai
semanticscholar   +1 more source

The Economics Profession "Discovers" Secular Stagnation

Monthly review
Michael Meeropol, Howard J. Sherman, and Paul D. Sherman give an account of how mainstream economists came to adopt the idea of secular stagnation, even without recognizing its origins in the work of Marxist economist and MR founder Paul M. Sweezy.
Michael A. Meeropol, H. Sherman, P. Sherman   +2 more
semanticscholar   +1 more source

Secular stagnation or long depression?

The Japanese Political Economy
In 1938, Alvin Hansen argued that the major economies would be locked into ‘secular stagnation'. The immediate postwar economic boom seemed to refute that.
Michael Roberts
semanticscholar   +1 more source

Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation

Metroeconomica
This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the ...
Vinicius Curti Cícero, Daniele Tavani
semanticscholar   +1 more source

Secular stagnation? A new view on Brazil’s growth in the 19th century

Revista de Historia Económica / Journal of Iberian and Latin American Economic History
The established economic historiography asserts that Brazil’s per-capita GDP stagnated in the 19th century and that it grew extremely slowly in the period of the monarchy (1822–1889).
E. Bacha, Guilherme A. Tombolo, F. Versiani   +2 more
semanticscholar   +1 more source

The negative natural rate of interest in the modern theories of Liquidity Trap and Secular Stagnation: back to Böhm-Bawerk via Samuelson

European Journal of the History of Economic Thought, 2022
The negative natural rate of interest is since two decades eliciting theoretical and policy debates. It re-emerged, after a relatively long time, in Krugman’s Liquidity Trap model.
Stefano Di Bucchianico
semanticscholar   +1 more source

Intellectual Property Rights, Global Inequalities, and Secular Stagnation

International Critical Thought
Intellectual property rights have played an increasingly important role in the global economy since the 1994 TRIPS Agreement. The nature of this role has since come under the spotlights: do intellectual property rights foster innovation or rent seeking ...
Antoine Dolcerocca
semanticscholar   +1 more source