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Alvin Harvey Hansen: Economic Growth and a More Perfect Society: The Economist's Role in Defining the Stagnation Thesis and in Popularizing Keynesianism
W. Robert Brazelton
The American Journal of Economics and Sociology
Vol. 48, No. 4 (Oct., 1989), pp. 427-440
Published by: American Journal of Economics and Sociology, Inc.
Stable URL: http://www.jstor.org/stable/3487557
Page Count: 14
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Alvin H. Hansen was one of the leading American economists from the 1930s to the 1960s. He was largely responsible for the popularization of Keynesian economics in the United States and Canada. He was responsible for the development of the secular stagnation thesis which explained 19th century American economic growth in terms of population growth, the frontier, and technology. The diminishing of these factors explained the decrease in the American economic growth rate in the 20th Century. Hansen's policy conclusions to prevent stagnation were Keynesian in nature and, as a result, Hansen was an early advocate of active fiscal policy in the United States. He differed with Terborgh.
The American Journal of Economics and Sociology © 1989 American Journal of Economics and Sociology, Inc.