Search results
People also ask
What was Hansen's theory of stagnation?
Is Hansen's stagnation thesis my own stagnation?
What was Hansen's view on secular stagnation?
What does Alvin Hansen say about economic cycles?
His first book at Harvard posed the question Full Recovery or Stagnation? (1938) sketched the outlines of what came to be called the " secular stagnation thesis ". Later, his America's Role in the World Economy (1945) and Economic Policy and Full Employment (1947) made this case to a wider public.
Professor Hansen cites five such factors which secured the prosperity of the post-war period: (1) residential building; (2) public construction, financed heavily by Government deficits-there was a ten-billion increase in state and local government debt; (3) a large export surplus, financed by foreign loans; (4) the rise to full maturity of the g...
THE STAGNATION THESIS as developed by Alvin Hansen indicated that the eco- nomic growth of the United States in the 19th century would eventually slow down or "stagnate" in the 20th century.
Jan 1, 2017 · The stagnation thesis, offered in Hansen’s presidential address before the American Economic Association (1937), placed the Keynesian model in a historical perspective and once more emphasized the strategic role of expansionary budget policy. Events, to be sure, proved different.
Jan 5, 2022 · This paper concerns the original formulation of Hansen’s stagnation thesis and its chief influences. It begins by devoting attention to Hansen’s understanding of stagnation as a cyclical process; a marked contrast to the term’s current usage.
The stagnation thesis, offered in Hansen’s presi-dential address before the American Economic Association (1937), placed the Keynesian model in a historical perspective and once more empha-sized the strategic role of expansionary budget policy. Events, to be sure, proved different. The Second World War generated massive budgetary
Full Recovery or Stagnation? By ALVIN H. HANSEN. New York: W. H. Norton and Company, Inc. 1938. Pp. 350. ($4.00) Fiscal Policy and Business Cycles. By ALVIN H. HANSEN. New York: W. H. Norton and Company, Inc. 1941. Pp. ix, 462. ($3.60) Full Recovery or Stagnation? has been largely put together from book
