Stagnation Theory

A Stagnation Theory is an economic theory that explains growth deceleration and development plateaus.

• AKA: Stagnation Thesis, Growth Stagnation Theory, Development Plateau Theory.
• Context:
  • It can typically identify structural barriers to economic expansion.
  • It can typically analyze productivity slowdowns through factor analysis.
  • It can often predict social consequences of economic stagnation.
  • It can often inform policy responses to growth crisises.
  • It can range from being a Secular Stagnation Theory to being a Cyclical Stagnation Theory, depending on its duration model.
  • It can range from being a Demand-Side Stagnation Theory to being a Supply-Side Stagnation Theory, depending on its causal mechanism.
  • It can range from being a Regional Stagnation Theory to being a Global Stagnation Theory, depending on its geographic scope.
  • It can range from being a Temporary Stagnation Theory to being a Permanent Stagnation Theory, depending on its reversibility assessment.
  • ...
• Examples:
  • Classical Stagnation Theorys, such as:
    • Hansen Secular Stagnation Theory for investment decline.
    • Marxist Stagnation Theory for profit rate tendency.
    • Malthusian Stagnation Theory for resource constraint.
  • Contemporary Stagnation Theorys, such as:
    • Summers Secular Stagnation Theory for demand deficiency.
    • Gordon Productivity Stagnation Theory for innovation slowdown.
    • Technological Stagnation Theory for technical deceleration.
  • ...
• Counter-Examples:
  • Growth Theory, which explains economic expansion.
  • Development Theory, which focuses on progress mechanisms.
  • Business Cycle Theory, which addresses economic fluctuations.
• See: Economic Theory, Technological Stagnation Theory, Economic Stagnation Period, Innovation Theory, Productivity Paradox, Economic Growth, Secular Stagnation.

---