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From Stagnation in the 30s to Slow Growth in the 70s

In: Economic Papers 1941–88

Author

Listed:
  • Josef Steindl

Abstract

Morishima in a recent work (1984) has stressed that economic theory cannot be the same for every country nor for different periods in one and the same country. This applies also to stagnation theory. My stagnation theory was to explain the secular decline of growth from the nineteenth century to the depression of the 1930s in the US. This country was chosen because it seemed to me an easier subject for study than European countries — more of a closed and private economy than they were and less complicated by feudal past and imperialism. I was, however, inspired by a belief that behind the differences of individual countries a common pattern of development of accumulation in capitalism existed, and that a study of a comparatively simple case might reveal something of it.

Suggested Citation

  • Josef Steindl, 1990. "From Stagnation in the 30s to Slow Growth in the 70s," Palgrave Macmillan Books, in: Economic Papers 1941–88, chapter 13, pages 166-179, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20821-0_13
    DOI: 10.1007/978-1-349-20821-0_13
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    Cited by:

    1. Eckhard Hein, 2018. "Stagnation policy in the Eurozone and economic policy alternatives: A Steindlian/neo-Kaleckian perspective," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 44(3), pages 315-348.
    2. Dodig, Nina & Herr, Hansjörg, 2015. "Theories of finance and financial crisis: Lessons for the Great Recession," IPE Working Papers 48/2015, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    3. Hein, Eckhard & Dodig, Nina & Budyldina, Natalia, 2014. "Financial, economic and social systems: French Regulation School, Social Structures of Accumulation and Post-Keynesian approaches compared," IPE Working Papers 34/2014, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    4. Eckhard Hein, 2017. "Stagnation policy in the Eurozone and economic policy alternatives," FMM Working Paper 05-2017, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

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