Demand Constraints and Big Government.
In a series of articles and books, John Walker and Harold Vatter extended the arguments made earlier by Evsey Domar that the U.S. economy suffers from chronically insufficient demand that leads to growth below capacity. Their analysis of secular growth complements the well-known writings of Hyman Mi...
| Publicado en: | Journal of Economic Issues Vol. 42; no. 1; pp. 153 - 174 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Mar2008
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=31204504&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 31204504 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00213624 JEI jtl: Journal of Economic Issues issn: 00213624 maglogo: N pubinfo: dt: Mar2008 vid: 42 iid: 1 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 31204504 10.1080/00213624.2008.11507119 ppf: 153 ppct: 21 formats: tig: atl: Demand Constraints and Big Government. aug: au: Wray, L. Randall affil: Professor of Economics, University of Missouri-Kansas City. Senior Scholar, Levy Economics Institute. su: Economic demand Supply & demand Consumption (Economics) Demand function Economic development Capitalism sug: subj: Economic demand Supply & demand Consumption (Economics) Demand function Economic development Capitalism keyword: big government demand constraints economic growth Evsey Domar Hyman Minsky ab: In a series of articles and books, John Walker and Harold Vatter extended the arguments made earlier by Evsey Domar that the U.S. economy suffers from chronically insufficient demand that leads to growth below capacity. Their analysis of secular growth complements the well-known writings of Hyman Minsky, who also emphasized the role of the "big government" and the "big bank" in stabilizing an unstable economy over the cycle. Like Minsky, Vatter and Walker argued that U.S. capitalism has evolved through several distinct forms, although they characterize the last one hundred years as a period of secular stagnation. This article will summarize, provide support for, and extend the Vatter and Walker approach, concluding with an examination of some of the dangers facing the U.S. economy today. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 2008 holdings: @attributes: islocal: N |
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