A Theory of Accumulation and Secular Stagnation - Aronoff, Daniel
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Aronoff explores and extends Thomas Malthus' idea that if an economically significant group saves a large portion of income it plans never to spend, it will cause a deficiency in demand that prevents a market economy from operating at full employment on a sustainable basis.

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Produktbeschreibung
Aronoff explores and extends Thomas Malthus' idea that if an economically significant group saves a large portion of income it plans never to spend, it will cause a deficiency in demand that prevents a market economy from operating at full employment on a sustainable basis.
Autorenporträt
Daniel Aronoff is President of Landon Companies, USA. He has served as Vice Chairman of the Board of Trustees of Grand Valley State University, USA. Throughout several decades of participation in the professional world, Aronoff has been a frequent contributor to many media outlets including the Financial Times.
Rezensionen
"In A Theory of Accumulation and Secular Stagnation ... Daniel Aronoff intelligently looks back to the works of early 19th-century 'classical growth' economist Thomas Malthus. ... Aronoff does a laudable job of showing how Malthus's theories might apply to the current economic environment. ... as investors continue to evaluate potential implications for zero and negative interest rates, weak capital spending, and deflationary pressure, they will find it useful to include Malthus's theory of accumulation as part of their mental models." (Todd Wenning, CFA Institute, cfapubs.org, Vol. 11 (1), 2016)