Analysis reveals mainstream economists embrace secular stagnation post-Great Recession, indicating ideological shifts.
Michael Meeropol, Howard J. Sherman, and Paul D. Sherman give an account of how mainstream economists came to adopt the idea of secular stagnation, even without recognizing its origins in the work of Marxist economist and MR founder Paul M. Sweezy. The turn, they write, came in the wake of the Great Recession, when the tendency toward stagnation in the U.S. economy became undeniable.
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Meeropol et al. (2025) studied this question.
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