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secular stagnation (en)

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")

The Production of Money: How to Break the Power of Bankers
by Ann Pettifor

The Production of Money: How to Break the Power of Bankers
by Ann Pettifor

The Production of Money: How to Break the Power of Bankers
by Ann Pettifor


The economics profession regards the subsequent failure of economic activity as the new norm – ‘secular stagnation’. Interest rates are thought merely to reflect in a passive way this dismal outlook, one expected to extend indefinitely into the future.

—p.91 Class Interests and the Moulding of Schools of Economic Thought (77) by Ann Pettifor
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9 years ago