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Demand-Side Stagnation Theories

In: Secular Stagnation Theories

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  • Christina Anselmann

    (University of Hohenheim)

Abstract

This chapter is concerned with demand-side theories of secular stagnation, providing a thorough analysis of the stagnation hypotheses of various economists emphasizing secular stagnation as a demand-side issue. These include the pre-Keynesian underconsumptionists Jean Charles Léonard Simonde de Sismondi, Thomas R. Malthus, and John A. Hobson, as well as several twentieth-century economists. Among the latter are John M. Keynes, Alvin H. Hansen—also known as the American Keynes—as well as Michał Kalecki and Josef Steindl. Finally, the theory of Lawrence H. Summers, often referred to as a revival of Hansen’s stagnation theory, is discussed as the most recent example of a demand-side stagnation hypothesis.

Suggested Citation

  • Christina Anselmann, 2020. "Demand-Side Stagnation Theories," Springer Studies in the History of Economic Thought, in: Secular Stagnation Theories, chapter 0, pages 37-102, Springer.
  • Handle: RePEc:spr:spshcp:978-3-030-41087-2_3
    DOI: 10.1007/978-3-030-41087-2_3
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