Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

179

The Source of Secular Stagnation

1
terms
1
notes

he suggests policy prescriptions for solving the problem of chronically weak demand

overall, he says workers need to increase bargaining power in the economy, tho he notes that it's difficult given changes since the 60s/70s (he never once uses the word "neoliberalism" though)

Avent, R. (2017). The Source of Secular Stagnation. In Avent, R. The Wealth of Humans: Work and its Absence in the Twenty-First Century. Penguin Books Ltd, pp. 179-196

180

Secular stagnation slowly undermines support for the existing economic order, and while it is possible that governments will eventually settle on benign solutions to the problem, it is more likely that prolonged secular stagnation will lead to a broad backlash against global economic integration, and a costly turn inward.

he is right, but never does he stop to think that maybe the existing economic order needs to be overturned

—p.180 by Ryan Avent 6 years, 4 months ago

Secular stagnation slowly undermines support for the existing economic order, and while it is possible that governments will eventually settle on benign solutions to the problem, it is more likely that prolonged secular stagnation will lead to a broad backlash against global economic integration, and a costly turn inward.

he is right, but never does he stop to think that maybe the existing economic order needs to be overturned

—p.180 by Ryan Avent 6 years, 4 months ago

a condition of negligible or no economic growth in a market-based economy ("secular" as in "long-term", in contrast to "cyclical" or "short-term")

180

This condition, which economists label 'secular stagnation', is associated with limp and vulnerable economic expansions, which often conclude in the deflation of big asset-price bubbles

—p.180 by Ryan Avent
notable
6 years, 4 months ago

This condition, which economists label 'secular stagnation', is associated with limp and vulnerable economic expansions, which often conclude in the deflation of big asset-price bubbles

—p.180 by Ryan Avent
notable
6 years, 4 months ago