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  1. 5. Mai 2015 · This paper covers the history of secular stagnation from Alvin's Hansen's AEA Presidential address in 1938 to the recent re-discovery of the idea by Lawrence Summers. It is argued that the story of secular stagnation is more complicated than the simple version usually told: the theory changed in ways that meant that, though its immediate relevance might be less, postwar prosperity left open ...

  2. Federico Julio Herschel, El Trimestre Económico, Vol. 22, No. 86(2) (Abril-Junio de 1955), pp. 253-256

  3. 2. Juni 2016 · The paper presents a history of the concept of “secular stagnation”, from Alvin Hansen in the 1930s and 1940s to its recent revival by Larry Summers. We examine Hansen's ideas and those of young economists associated with him, notably Evsey Domar, Everett Hagen, Benjamin Higgins, Alan Sweezy, and Paul Samuelson, who were the economists who kept the doctrine alive in the 1950s and to whom ...

  4. Alvin Hansen en 1938. Alvin Harvey Hansen (23 de agosto de 1887, Viborg, Dakota del Sur - Alexandria, Virginia, 6 de junio de 1975) fue un economista y profesor norteamericano que desarrolló las ideas de John Maynard Keynes en Estados Unidos y ejerció como asesor especial de los organismos económicos de mayor rango de su país.

  5. Abstract. The core elements of Hansen’s thought can be found from his earliest writings. Undoubtedly, he re-evaluated and re-configured many of these building blocks throughout his career, but the key themes of equality of opportunity and social responsibility remained. The central questions were about thrift, or savings, and investment, and ...

  6. Hansen is quite definite that a recovery based upon compensatory expen-ditures will not engender a new era of progress. "Such a recovery can proceed no farther than it is pushed. It has no momentum of its own. It has no inner power to complete its own development." In Fiscal Policy and Business Cycles he qualifies this position: "A way must be ...