Excellent Survey of The Original “Secular Stagnation” Thesis of Alvin Hansen in 1938

December 30, 2014 / Jeffro / No Comments

An excellent survey of the original “secular stagnation” thesis of Alvin Hansen in 1938 by @TimothyTTaylor.

2/Hansen's 1938 thesis will sound familiar to post-2008 ears: #stag pic.twitter.com/I2FctorPLw

— Marc Andreessen (@pmarca) December 29, 2014

3/We know now Hansen in 1938 was thoroughly wrong. For example, he totally whiffed on population projections. #stag pic.twitter.com/MklTZhxve1

— Marc Andreessen (@pmarca) December 29, 2014

4/Hansen was also completely wrong on the rate of technological progress at that time. #stag pic.twitter.com/vVxV7RsyHx

— Marc Andreessen (@pmarca) December 29, 2014

5/However, he did issue a ringing call for new technologies and new industries that applies equally to today. #stag pic.twitter.com/I7bLm5bO5G

— Marc Andreessen (@pmarca) December 29, 2014

Source Tweets: 1,2,3,4,5

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Theories

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