Secular Stagnation Theories

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The book explores secular stagnation theories, highlighting the historical significance of income distribution in economic thought. It traces ideas from classical economists to contemporary debates, emphasizing that many stagnation theories emerged during periods of rising income inequality. Central to the discussion is Josef Steindl's work, which connects income distribution to economic growth. The author introduces a Kaleckian-Steindlian model that examines the uncertain relationship between growth and income distribution, alongside policy implications for promoting equitable growth. It targets scholars interested in economics and historical economic theories.