Secular stagnation and progressive economic policy alternatives

European Journal of Economics and Economic Policies: Intervention, 2016, vol. 13, issue 2, 229-240

Abstract: This paper summarizes two main findings in the post-Keynesian literature regarding the linkages between financialization, income distribution, accumulation and productivity. First, at the core of secular stagnation lies the missing link between profits and investment. Second, rising inequality and financialization have been the main reasons for this missing link and hence the major brakes against capital accumulation and growth. The paper concludes with alternative progressive policies based on a coordinated policy mix of equality-led development and public investment.

Keywords: wage share; wage-led growth; globalization; public investment (search for similar items in EconPapers)
JEL-codes: E12 E22 E25 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.elgaronline.com/abstract/journals/ejeep/13-2/ejeep.2016.02.07.xml (application/pdf)
Restricted access

Related works:
Working Paper: Secular stagnation and progressive economic policy alternatives (2016)
Working Paper: Secular stagnation and progressive economic policy alternatives (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:ejeepi:v:13:y:2016:i:2:p229-240

Access Statistics for this article

European Journal of Economics and Economic Policies: Intervention is currently edited by Torsten Niechoj

More articles in European Journal of Economics and Economic Policies: Intervention from Edward Elgar Publishing
Bibliographic data for series maintained by Phillip Thompson ().