Secular Stagnation Theories

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Focusing on secular stagnation theories, this book delves into the historical context of economic thought, linking income distribution to stagnation hypotheses. It traces ideas from classical economists to contemporary debates, emphasizing how rising income disparities influenced stagnation theories. Highlighting Josef Steindl's contributions, it integrates personal income distribution into a Kaleckian-Steindlian growth model, revealing the complex relationship between income distribution and economic growth. The author also explores policy implications for promoting growth alongside income equality, appealing to scholars in economics and related fields.