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Secular Stagnation, too much Saving, Ben Bernanke vs Larry Summers andthe Theory of Limited Good

Niccolo Caldararo

Current discussions among major economists finds significant disagreement in defining the status of the global economy. This article examines the main themes in the context of the theories presented on savings, consumption and investment. The primitive society concept of “limited good” appears to have more relevance than any of these theories of modernity.