IDEAS home Printed from https://ideas.repec.org/a/mes/jeciss/v47y2013i2p351-358.html
   My bibliography  Save this article

Abundance Denied: Consequences of the Great Recession

Author

Listed:
  • William Dugger
  • James Peach

Abstract

This paper reassesses themes developed in the authors' Economic Abundance: An Introduction (Dugger and Peach 2009) in the context of the so-called "Great Recession." In this paper, we make several arguments. First, there is always a substantial gap between actual production and the capacity of the economy to produce. Second, the great recession widened the production gap, but did not change the basic relationship. Third, the anti-recessionary policies, adopted during the recession, were anti-abundance policies, for the most part. Fourth, almost by definition, short-term (cyclical) fiscal and monetary policy regimes do not address longer-term structural issues or the creation of widely shared abundance. Last, but not least, despite the great recession, and the myopic policy responses it generated, the abundant economy — based on a largely undamaged joint stock of knowledge — remains a genuine possibility.

Suggested Citation

  • William Dugger & James Peach, 2013. "Abundance Denied: Consequences of the Great Recession," Journal of Economic Issues, Taylor & Francis Journals, vol. 47(2), pages 351-358.
    • Handle: RePEc:mes:jeciss:v:47:y:2013:i:2:p:351-358
    DOI: 10.2753/JEI0021-3624470207
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/JEI0021-3624470207
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.2753/JEI0021-3624470207?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jason Rodriguez, 2018. "The US Minimalist Movement: Radical Political Practice?," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(2), pages 286-296, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:jeciss:v:47:y:2013:i:2:p:351-358. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MJEI20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.