Diminishing Returns
The New Politics of Growth and Stagnation
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In Diminishing Returns, Lucio Baccaro, Mark Blyth, and Jonas Pontusson bring together a list of top contributors in the field to examine capitalist economies in times where economic growth has slowed down considerably. As economic growth is a powerful social stabilizer and contributes to make the characteristic features of capitalism, the key question motivating the volume is: What happens when growth-the main mechanism of capitalist legitimation-is harder to come by and less broadly shared? The volume analyzes the politics of growth and stagnation at the country, regional, and global level th...
In Diminishing Returns, Lucio Baccaro, Mark Blyth, and Jonas Pontusson bring together a list of top contributors in the field to examine capitalist economies in times where economic growth has slowed down considerably. As economic growth is a powerful social stabilizer and contributes to make the characteristic features of capitalism, the key question motivating the volume is: What happens when growth-the main mechanism of capitalist legitimation-is harder to come by and less broadly shared? The volume analyzes the politics of growth and stagnation at the country, regional, and global level through a new theoretical framework: the Growth Model Perspective.
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