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Secular Stagnation Theories

A Historical and Contemporary Analysis with a Focus on the Distribution of Income

  • Book
  • © 2020

Overview

Authors:
  1. Christina Anselmann

    1. University of Hohenheim, Stuttgart, Germany

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  • Provides a critical overview of secular stagnation theories from the classical economists to the most recent stagnation debate
  • Examines the role of income distribution in various secular stagnation theories
  • Incorporates the personal distribution of income in a Kaleckian-Steindlian model of economic growth and secular stagnation

Part of the book series: Springer Studies in the History of Economic Thought (SSHET)

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xxi
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  2. Introduction

    • Christina Anselmann
    Pages 1-21

  3. Secular Stagnation Theories: Past and Present

    1. Front Matter

      Pages 23-23
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    2. Theoretical Foundations

      • Christina Anselmann
      Pages 25-35

    3. Demand-Side Stagnation Theories

      • Christina Anselmann
      Pages 37-102

    4. Supply-Side Stagnation Theories

      • Christina Anselmann
      Pages 103-143

    5. Stagnation Theories: Concluding Remarks

      • Christina Anselmann
      Pages 145-149

  5. Back Matter

    Pages 279-327
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Keywords

About this book

In light of weak economic performances and rising income disparities across the developed world during the past decades, this book provides a comprehensive overview of secular stagnation theories in the history of economic thought and examines the role of income distribution in various stagnation hypotheses. By offering a historical perspective, from the classical economists to the most recent stagnation debate of the early twenty-first century, the author shows that most stagnation theories were developed in periods of high and/or rising income disparities. Eventually, it was Josef Steindl, one of the least recognized stagnationists in the history of economic thought, who put the distribution of income at the heart of his stagnation theory. While Josef Steindl focused on the nexus between the functional distribution of income and economic growth, this book includes the personal distribution of income in a Kaleckian-Steindlian model of economic growth and stagnation. In the model presented, the nexus between economic growth and the distribution of income is a priori uncertain, depending on the type of economic shock and the specific economic circumstances. The author also discusses various empirically oriented policy implications aimed at fostering both economic growth and a more equal distribution of income. This book appeals to scholars in economics and the history of economic thought interested in economic growth, secular stagnation, and income distribution.

Authors and Affiliations

  • University of Hohenheim, Stuttgart, Germany

    Christina Anselmann

About the author

Christina Anselmann studied International Management at the Karlsruhe University of Applied Sciences (Germany), graduating with a master’s degree. She subsequently pursued a doctorate in Economics at the University of Hohenheim (Germany), which she successfully completed in 2019.

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