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Foundations

In: Alvin Hansen

Author

Listed:
  • Robert J. Bigg

Abstract

The core elements of Hansen’s thought can be found from his earliest writings. Undoubtedly, he re-evaluated and re-configured many of these building blocks throughout his career, but the key themes of equality of opportunity and social responsibility remained. The central questions were about thrift, or savings, and investment, and role of technological progress and population in a dynamic economy. His initial views on the monetary nature of the trade cycle did change quickly in the 1920s but then remained largely fixed. Hansen’s interest in social security, proper housing, health, and education is also apparent. These are placed alongside issues of population growth, industrialisation, and thrift, i.e. an economy with a high savings rate.

Suggested Citation

  • Robert J. Bigg, 2023. "Foundations," Great Thinkers in Economics, in: Alvin Hansen, pages 27-48, Palgrave Macmillan.
  • Handle: RePEc:pal:gtechp:978-3-031-42216-4_3
    DOI: 10.1007/978-3-031-42216-4_3
    as

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