An Evolutionary Approach to Secular Stagnation by Andrea Borsato
This Element examines Secular Stagnation in the USA and responds to a recognised need for greater conceptual precision and analytical clarity regarding its nature and economic implications. Revisiting the contemporary economic debate, I propose a coherent reconceptualisation of Secular Stagnation grounded in long-run descriptive empirical evidence and an evolutionary theoretical framework. The analysis shows that stagnation should not be understood as a mere shortage of innovation or a transitory macroeconomic imbalance, but as a structural outcome of the interaction between technological change, demand dynamics, and selection mechanisms. Finally, I discuss how recent advances in automation technologies, such as Artificial Intelligence (AI), may either mitigate or reinforce Secular Stagnation, depending on how innovation policies and institutional settings shape the direction and diffusion of technological change in the US economy.-
Making Sense of Economic Change
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Evolutionary Selection and Keynes–Schumpeter Macroeconomics
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A Reconsideration of the Theory of Non-Linear Scale Effects
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Evolutionary Economics
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Evolutionary Price Theory
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Institutional Acceleration
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The Dynamic Metacapabilities Framework
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Agent-based Macroeconomics
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Entrepreneurship and Evolutionary Economics
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Evolutionary Games and the Replicator Dynamics
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Explaining Technology
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Industrial Policy
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Coevolution in Economic Systems
| SKU | Unavailable |
| ISBN 13 | 9781009743457 |
| Title | An Evolutionary Approach to Secular Stagnation |
| Author | Andrea Borsato |
| Series | Elements In Evolutionary Economics |
| Condition | Unavailable |
| Binding Type | Hardback |
| Publisher | Cambridge University Press |
| Year published | 2026-08-31 |
| Number of pages | 75 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |