In a previous post I discussed the recent turn of some notable mainstream economists towards reconsideration of Alvin Hansen’s thesis of secular stagnation. It would seem that there is a more general trend at work here, which embodies at least two themes: A modest revival of some parts of the “Old Keynesian” class of models, … Continue reading Slouching Towards Secular Stagnation: Part 2
Since this is my first post a few prefatory comments are in order. This blog is not necessarily directed (or at least not uniquely directed) at people with a technical understanding of economics. The second prefatory comment is a disclaimer: the last few years of my life have been a blur of either teaching (as … Continue reading Slouching towards secular stagnation.