Underconsumption Theory and Secular Stagnation Thesis (1944)

Underconsumption Theory and Secular Stagnation Thesis is a book published in 1944 by the American Economic Association. This book is a collection of essays that explore the underconsumption theory and the secular stagnation thesis. The underconsumption theory suggests that economic downturns are caused by a lack of consumer demand, while the secular stagnation thesis argues that the economy can experience long periods of slow growth due to a lack of investment opportunities. The book includes contributions from prominent economists of the time, such as Alvin Hansen, John Maynard Keynes, and Joseph Schumpeter. Each essay provides a different perspective on the underconsumption theory and secular stagnation thesis, examining their historical roots, theoretical foundations, and practical implications. Overall, Underconsumption Theory and Secular Stagnation Thesis is a valuable resource for anyone interested in understanding the economic theories that influenced policy decisions during the mid-twentieth century. This book is a must-read for students and scholars of economics, as well as policymakers and practitioners looking to gain a deeper understanding of the challenges facing the modern economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.