Underconsumption Theory and Secular Stagnation Thesis (1944)

Underconsumption Theory and Secular Stagnation Thesis is a book published by the American Economic Association in 1944. The book explores the concept of underconsumption theory and secular stagnation thesis and their impact on the economy. Underconsumption theory argues that demand deficiency leads to economic downturns, while secular stagnation thesis suggests that the economy may experience prolonged periods of low growth due to a lack of investment opportunities. The book includes essays from various economists who discuss these theories and their relevance to the current economic climate. Additionally, the book explores potential solutions to these economic issues, including government intervention and investment in public works projects. Overall, Underconsumption Theory and Secular Stagnation Thesis provides a comprehensive analysis of these economic theories and their impact on the economy, making it a valuable resource for economists and policymakers alike.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.