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Industrial Societies after the Stagnation of the 1970s - Taking Stock from an Interdisciplinary Perspective

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Degrowth
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ISBN: 1788211367 1911116819 9781911116813 1911116797 1911116800 9781911116790 9781911116806 Year: 2018 Publisher: Newcastle upon Tyne : Agenda Publishing,

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The term 'degrowth' has emerged within ecological and other heterodox schools of economics as a critique of the idea (and ideology) of economic growth. Degrowth argues that economic growth is no longer desirable - its costs exceed its benefits - and advocates a transformation of economies so that they produce and consume less, differently and better.

Giorgos Kallis provides a clear and succinct guide to the central ideas of degrowth theory and explores what it would take for an economy to transition to a position that enables it to prosper without growth. The book examines how mainstream conceptualizations of the economy are challenged by degrowth theory and how degrowth draws on a multifaceted network of ideas across disciplines to shed new light on the economic process. The central claims of the degrowth literature are discussed alongside some key criticisms of them. Whether one agrees or disagrees with degrowth's critique of economic growth, Kallis shows how it raises fundamental questions about the workings of capitalism that we can no longer afford to ignore.


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A future beyond growth
Authors: ---
ISBN: 9781138953017 9781138953024 9781315667515 9781317358329 9781317358336 1138953024 1315667517 1138953016 1317358341 1317358333 9781317358343 1317358325 Year: 2016 Publisher: London


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Sustaining economic growth in Asia
Authors: --- --- ---
ISBN: 0881327336 0881327344 9780881327342 9780881327335 Year: 2018 Publisher: Washington, D.C. Peterson Institute for International Economics

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"Economic growth, inflation, and interest rates have declined in Asia. Sustaining Economic Growth in Asia explores the relevance to several Asian economies of the diagnosis known as "secular stagnation." Leading experts discuss the fiscal and monetary policy challenges of reviving growth without generating domestic financial imbalances. The essays on innovation, demographics, spillovers, and various policy proposals are accompanied by case studies focusing on Japan, South Korea, China, India, and Indonesia"--

The freshwater imperative
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ISBN: 1559634073 1559634065 9781559634069 9781559634076 1417539690 9781417539697 9781610910712 1610910710 1597268720 1559630728 9781559630726 155963071X 9781559630719 Year: 1995 Publisher: Washington, D.C. Island Press


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Handbook of economic stagnation
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ISBN: 0128158980 0128162708 9780128162705 9780128158982 Year: 2022 Publisher: London, England : Academic Press,

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Handbook of Economic Stagnation takes a broad view, including contributions from orthodox and heterodox economists who examine situations in countries and worldwide regions, including Japan and the Euro area. To be sure, stagnation is periodically relieved by short economic bursts usually brought on by unsustainable asset price bubbles. Once the bubbles burst, stagnation returns. This book's fresh, comprehensive approach to the topic makes it the premier source for anyone affected by these cycles.


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Systemic failure in the global economy
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ISBN: 0986076937 0986076945 9780986076930 9780986076947 Year: 2016 Publisher: Atlanta GA Clarity Press Inc

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Just as contemporary economics failed to predict the 2008-09 crash, and over-estimated the subsequent brief recovery that followed, economists today are again failing to accurately forecast the slowing global economic growth, the growing fragility, and therefore rising instability in the global economy. This book offers a new approach to explaining why mainstream economic analyses have repeatedly failed and why fiscal and monetary policies have been incapable of producing a sustained recovery. Expanding upon the early contributions of Keynes, Minsky and others, it offers an alternative explanation why the global economy is slowing long term and becoming more unstable, why policies to date have largely failed, and why the next crisis may therefore prove even worse than that of 2008- 09. Systemic fragility is rooted in 9 key empirical trends: slowing real investment; a drift toward deflation; money, credit and liquidity explosion; rising levels of global debt; a shift to speculative financial investing; the restructuring of financial markets to reward capital incomes; the restricting of labor markets to lower wage incomes; the failure of Central Bank monetary policies; and the ineffectiveness of fiscal policies. It results from financial, consumer, and government balance sheet fragilities exacerbating each other -- creating a massive centripetal force disaggregating and tearing apart the whole, untameable by either fiscal or monetary means. This book clarifies how the price system in general, and financial asset prices in particular, transform into fundamentally destabilizing forces under conditions of systemic fragility. It explains why the global system has in recent decades become dependent upon, and even addicted to, massive liquidity injections, and how fiscal policies have been counterproductive, exacerbating fragility and instability. Policymakers’ failure to come to grips with how fundamental changes in the structure of the 21st century global capitalist economy—in particular in financial and labor market structures—make the global economy more systemically fragile can only propel it toward deeper instability and crises.


Book
Secular Stagnation Theories : A Historical and Contemporary Analysis with a Focus on the Distribution of Income
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ISBN: 3030410870 3030410862 Year: 2020 Publisher: Cham : Springer International Publishing : Imprint: Springer,

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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.

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