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Alvin Harvey Hansen: Economic Growth and a More Perfect Society: The Economist's Role in Defining the Stagnation Thesis and in Popularizing Keynesianism

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  • W. Robert Brazelton

Abstract

. Alvin H. Hansen was one of the leading American economists from the 1930s to the 1960s. He was largely responsible for the popularization of Keynesian economics in the United States and Canada. He was responsible for the development of the secular stagnation thesis which explained 19th century American economic growth in terms of population growth, the frontier, and technology. The diminishing of these factors explained the decrease in the American economic growth rate in the 20th Century. Hansen's policy conclusions to prevent stagnation were Keynesian in nature and, as a result, Hansen was an early advocate of active fiscal policy in the United States. He differed with Terborgh.

Suggested Citation

  • W. Robert Brazelton, 1989. "Alvin Harvey Hansen: Economic Growth and a More Perfect Society: The Economist's Role in Defining the Stagnation Thesis and in Popularizing Keynesianism," American Journal of Economics and Sociology, Wiley Blackwell, vol. 48(4), pages 427-440, October.
    • Handle: RePEc:bla:ajecsc:v:48:y:1989:i:4:p:427-440
    DOI: 10.1111/j.1536-7150.1989.tb02131.x
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    Cited by:

    1. Robert Stanley Herren, 2001. "Contributions of Howard S. Ellis to the Controversy concerning Economic Growth: 1940–1955," The American Economist, Sage Publications, vol. 45(2), pages 85-92, October.

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