Secular Stagnation Theories: A Historical and Contemporary Analysis with a Focus on the Distribution of Income

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 theorie...