Underconsumption Theory and Secular Stagnation Thesis

＂＂Underconsumption Theory And Secular Stagnation Thesis＂＂ is a book published by the American Economic Association, which explores the concept of underconsumption theory and secular stagnation thesis. The book delves into the theories of economic growth and the role of consumption in driving it. The authors examine the historical context of underconsumption theory and its relevance in modern times. They also analyze the secular stagnation thesis, which suggests that the economy may be stuck in a low-growth, low-inflation equilibrium due to a lack of demand. The book offers a comprehensive analysis of these theories and their implications for economic policy. It is a valuable resource for economists, policymakers, and anyone interested in understanding the dynamics of economic growth and the challenges facing modern economies.This is a new release of the original 1944 edition.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world’s literature in affordable, high quality, modern editions, that are true to their original work.