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UK Economic Forecast Q3 2014 BUSINESS WITH CONFIDENCE icaew.com/ukeconomicforecast
UK Economic Forecast Q3 2014 BUSINESS WITH CONFIDENCE icaew.com/ukeconomicforecast

... spending means that cuts will be needed in the next parliament. This will weigh on growth prospects. The latest public finances data for July show the national debt close to £100bn higher than a year ago. The UK’s labour market continues to go from strength to strength, with the unemployment rate st ...
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... work of Josef Steindl published in the early 1950s, Maturity and Stagnation in American Capitalism …. A simpler version appeared in Paul Baran’s and my book Monopoly Capital, begun in 1956 and published in 1966. This theory is best described, I think, as an “overaccumulation” theory. It holds that u ...
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Steady-state economy

A steady-state economy is an economy of relatively stable size. A zero growth economy features stable population and stable consumption that remain at or below carrying capacity. The term typically refers to a national economy, but it can also be applied to the economic system of a city, a region, or the entire planet. Note that Robert Solow and Trevor Swan applied the term steady state a bit differently in their economic growth model. Their steady state occurs when investment equals depreciation, and the economy reaches equilibrium, which may occur during a period of growth.
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