國立高雄大學圖資館 |

語系: 繁體中文

說明(常見問題)

圖資館首頁

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

Saving and investment in the Twenty-...

Kramer, Hagen M.

Saving and investment in the Twenty-First centurythe great divergence /

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Saving and investment in the Twenty-First centuryby Carl Christian von Weizsacker, Hagen M. Kramer.
其他題名:	the great divergence /
作者:	Weizsacker, Carl Christian von.
其他作者:	Kramer, Hagen M.
出版者:	Cham :Springer International Publishing :2021.
面頁冊數:	xxi, 344 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
標題:	Macroeconomics.
電子資源:	https://doi.org/10.1007/978-3-030-75031-2
ISBN:	9783030750312$q(electronic bk.)

Saving and investment in the Twenty-First centurythe great divergence /
Weizsacker, Carl Christian von.

Saving and investment in the Twenty-First centurythe great divergence /[electronic resource] :by Carl Christian von Weizsacker, Hagen M. Kramer. - Cham :Springer International Publishing :2021. - xxi, 344 p. :ill., digital ;24 cm.

Open access.

The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life expectancy. On the other hand, investment is not keeping pace with the rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by increasing public debt. This open access book offers a new, capital-theoretical perspective on the macroeconomic relationship between desired wealth and investment, and it presents new empirical data on private wealth and its composition in the OECD plus China area. The authors argue that a free economic and social order can only be stabilized if the wealth aspirations of individuals are met under conditions of price stability. This is not possible without substantial net public debt. A new way of thinking about the economy as a whole is required. By way of an in-depth theoretical and empirical analysis, the book demonstrates this new way of thinking and describes the current challenges facing economic policy. An impressive, and convincing theoretical dive into the fundamentals behind secular stagnation, with very strong implications for actual debt policy. Public debt may be needed to improve welfare. Olivier Blanchard, Senior Fellow at the Peterson Institute for International Economics and Professor of Economics Emeritus at Massachusetts Institute of Technology (MIT) Chief Economist at the International Monetary Fund from 2008 to 2015. Saving and Investment in the Twenty-First Century gives a wholly new perspective on macroeconomics. (..) Weizsacker and Kramer describe a simple, practical solution to the underemployment that has plagued Southern Europe for more than a decade. George Akerlof, Nobel Laureate in Economics, 2001. Professor at the McCourt School of Public Policy at Georgetown University and Professor of Economics Emeritus at the University of California, Berkeley. This is a profound and original contribution that can help us to understand and act on the great issues of our times. Nicholas Stern, Grantham Research Institute on Climate Change and the Environment at the London School of Economics. Author of the Stern Review Report on the Economics of Climate Change. Chief Economist at the World Bank from 2000 to 2003.

ISBN: 9783030750312$q(electronic bk.)

Standard No.: 10.1007/978-3-030-75031-2doiSubjects--Topical Terms:

183168
Macroeconomics.

LC Class. No.: HB172.5

Dewey Class. No.: 339

Saving and investment in the Twenty-First centurythe great divergence /
LDR:03578nmm a2200349 a 4500 001 602158
003 DE-He213
005 20210705072628.0
006 m d
007 cr nn 008maaau
008 211112s2021 sz s 0 eng d
020 $a 9783030750312$q(electronic bk.)
020 $a 9783030750305$q(paper)
024 7 $a 10.1007/978-3-030-75031-2 $2 doi
035 $a 978-3-030-75031-2
040 $a GP $c GP
041 1 $a eng $h ger
050 4 $a HB172.5
072 7 $a KCB $2 bicssc
072 7 $a BUS039000 $2 bisacsh
072 7 $a KCB $2 thema
072 7 $a KCBM $2 thema
082 0 4 $a 339 $2 23
090 $a HB172.5 $b .W436 2021
100 1 $a Weizsacker, Carl Christian von. $3 897763
240 1 0 $a Sparen und Investieren im 21. Jahrhundert. $l English
245 1 0 $a Saving and investment in the Twenty-First century $h [electronic resource] : $b the great divergence / $c by Carl Christian von Weizsacker, Hagen M. Kramer.
260 $a Cham : $b Springer International Publishing : $b Imprint: Springer, $c 2021.
300 $a xxi, 344 p. : $b ill., digital ; $c 24 cm.
506 $a Open access.
520 $a The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life expectancy. On the other hand, investment is not keeping pace with the rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by increasing public debt. This open access book offers a new, capital-theoretical perspective on the macroeconomic relationship between desired wealth and investment, and it presents new empirical data on private wealth and its composition in the OECD plus China area. The authors argue that a free economic and social order can only be stabilized if the wealth aspirations of individuals are met under conditions of price stability. This is not possible without substantial net public debt. A new way of thinking about the economy as a whole is required. By way of an in-depth theoretical and empirical analysis, the book demonstrates this new way of thinking and describes the current challenges facing economic policy. An impressive, and convincing theoretical dive into the fundamentals behind secular stagnation, with very strong implications for actual debt policy. Public debt may be needed to improve welfare. Olivier Blanchard, Senior Fellow at the Peterson Institute for International Economics and Professor of Economics Emeritus at Massachusetts Institute of Technology (MIT) Chief Economist at the International Monetary Fund from 2008 to 2015. Saving and Investment in the Twenty-First Century gives a wholly new perspective on macroeconomics. (..) Weizsacker and Kramer describe a simple, practical solution to the underemployment that has plagued Southern Europe for more than a decade. George Akerlof, Nobel Laureate in Economics, 2001. Professor at the McCourt School of Public Policy at Georgetown University and Professor of Economics Emeritus at the University of California, Berkeley. This is a profound and original contribution that can help us to understand and act on the great issues of our times. Nicholas Stern, Grantham Research Institute on Climate Change and the Environment at the London School of Economics. Author of the Stern Review Report on the Economics of Climate Change. Chief Economist at the World Bank from 2000 to 2003.
650 0 $a Macroeconomics. $3 183168
650 0 $a Debts, Public. $3 192218
650 0 $a Investments. $3 187451
650 1 4 $a Macroeconomics/Monetary Economics//Financial Economics. $3 731063
650 2 4 $a Economic Policy. $3 274350
650 2 4 $a Public Finance. $3 739648
650 2 4 $a International Economics. $3 273685
650 2 4 $a History of Economic Thought/Methodology. $3 760025
700 1 $a Kramer, Hagen M. $3 897764
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer Nature eBook
856 4 0 $u https://doi.org/10.1007/978-3-030-75031-2
950 $a Economics and Finance (SpringerNature-41170)