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Is The Business Cycle Obsolete Ed By B
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Book Synopsis Business Cycle Theory by : Günter Gabisch
Download or read book Business Cycle Theory written by Günter Gabisch and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Is the business cycle obsolete?" This often cited title of a book edited by Bronfenbren ner with the implicit affirmation of the question reflected the attitude of mainstream macroeconomics in the Sixties regarding the empirical relevance of cyclic motions of an economy. The successful income policies, theoretically grounded in Keynesian macroec onomics, seemed to have eased or even abolished the fluctuations in West,ern economies which motivated studies of many classical and neoclassical economists for more than 100 years. The reasoning behind the conviction that business cycles would increasingly become irrelevant was rather simple: if an economy fluctuates for whatever reason, then it is almost always possible to neutralize these cyclic motions by means of anti-cyclic demand policies. From the 1950's until the mid-Sixties business cycle theory had often been consid ered either as an appendix to growth theory or as an academic exercise in dynamical economics. The common business cycle models were essentially multiplier-accelerator models whose sensitive dependence on parameter values (in order to be called busi ness cycle models) suggested a rather improbable occurrence of continuing oscillations. The obvious success in compensating business cycles in those days prevented intensive concern with the occurrence of cycles. Rather, business cycle theory turned into sta bilization theory which investigated theoretical possibilities of stabilizing a fluctuating economy. Many macroeconomic textbooks appeared in the Sixties which consequently identified business cycle theory with inquiries on the possibilities to stabilize economies 2 Introduction by means of active fiscal or monetary policies.
Book Synopsis Business Cycles and Economic Crises by : Niels Geiger
Download or read book Business Cycles and Economic Crises written by Niels Geiger and published by Routledge. This book was released on 2018-09-03 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the history of economic thought, interest in business cycles and economic crises has sometimes been observed to rise during times of crises, recessions and depressions. However, the treatment of this topic in the literature has generally been merely anecdotal. This book presents a bibliometric and econometric analysis of the development of business cycle and crises theory and its connection to economic developments, particularly since the early 20th century. The book explores the connection between economic development and the literature, utilising systematic bibliometric and rigorous econometric methods and drawing its data from a wide range of sources. This volume provides quantitative answers to questions which have not previously been subject to a precise and comprehensive empirical analysis. This book will be of great interest to historians of economic thought for its novel treatment of a much-discussed topic, and its well-founded and transparent results.
Book Synopsis Analyzing Modern Business Cycles: Essays Honoring by : Philip A Klein
Download or read book Analyzing Modern Business Cycles: Essays Honoring written by Philip A Klein and published by Routledge. This book was released on 2017-10-03 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 1990.
Book Synopsis The Labor Market and Business Cycle Theories by : Piero Ferri
Download or read book The Labor Market and Business Cycle Theories written by Piero Ferri and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest in business cycles has had its 'ups and downs'. After a period of almost steady state growth and of economic tranquility, when the business cycle seemed to be obsolete, the turbulence of the 70s and 80s has contributedto a renewed interest in the topic. Important analytical and methodological innovations have also favored the present abundance of contributions. Four innovations are of particular importance: i. microfoundations ii. nonlinearities iii. stochastic variables iv. real aspects. Both Classical macroeconomics and new-Keynesian approaches seem to share these characteristics, which apply both to endogenous and exogenous explanations of the cycle. The distance separating the newer literature from its forebears seems vast. Previously, cycle theory was characterized by a macro approach and utilized nonlinearities either through piecewise 'linear models or with the aid of Classical theorems in the field of dynamic systems. To consider and to compare the old and the new literature on business cycles is one of the goals of this book. To narrow the distance separating them is another goal of this research. We do not try to bridge it, but rather to revisit the former tradition with new tools. Finally, a particular emphasis is put on the 'ceilings and floors' type of literature. One of us has written a D. Phil. thesis with Sir John Hicks, and both have worked with H. P. Minsky. Hicks, along with Goodwin, introdu. ced the concept of ceilings and floors into business cycle analysis, and Minsky made important contributions to the area.
Book Synopsis The New Palgrave Dictionary of Economics by :
Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Book Synopsis Analysing Modern Business Cycles by : Philip A. Klein
Download or read book Analysing Modern Business Cycles written by Philip A. Klein and published by Routledge. This book was released on 2019-07-25 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: This "Festschrift" honours Geoffrey H. Moore's life-long contribution to the study of business cycles. After some analysts had concluded that business cycles were dead, renewed economic turbulence in the 1970s and 1980s brought new life to the subject. The study of business cycles now encompasses the global economic system, and this work aims to push back the frontiers of knowledge.
Download or read book Hubris written by Meghnad Desai and published by Yale University Press. This book was released on 2015-01-01 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: A frank assessment of economists' blindness before the financial crash in 2007-2008 and what must be done to avert a sequel The failure of economists to anticipate the global financial crisis and mitigate the impact of the ensuing recession has spurred a public outcry. Economists are under fire, but questions concerning exactly how to redeem the discipline remain unanswered. In this provocative book, renowned economist Meghnad Desai investigates the evolution of economics and maps its trajectory against the occurrence of major political events to provide a definitive answer. Desai underscores the contribution of hubris to economists' calamitous lack of foresight, and he makes a persuasive case for the profession to re-engage with the history of economic thought. He dismisses the notion that one over-arching paradigm can resolve all economic eventualities while urging that an array of already-available theories and approaches be considered anew for the insights they may provide toward preventing future economic catastrophes. With an accessible style and keen common sense, Desai offers a fresh perspective on some of the most important economic issues of our time.
Book Synopsis Transformational Growth and the Business Cycle by : Edward Nell
Download or read book Transformational Growth and the Business Cycle written by Edward Nell and published by Routledge. This book was released on 2005-09-27 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the concept of Transformational Growth from a number of different historical and geographical perspectives. Transformational Growth sees the economy as an evolving system in which the market selects and finances innovations, changing the character of costs and affecting the pattern of market adjustment. This creates the possibility that markets will work differently in particular historical periods. This book explores market adjustments in two distinct historical periods, 1870-1914 and 1945-the present. The book focuses on six countries: USA, United Kingdom, Canada, Germany, Japan and Argentina. In all cases the earlier period, dominated by craft-based technologies, proves to be the one in which markets adjust through a weakly stabilising price mechanism. By contrast, in the later period, in all cases, with the exception of Argentina, there is no evidence of such a price mechanism, but in its place can be seen a multiplier-accelerator process which, arguably, reflects a change of technology to mass-production.
Book Synopsis The European Economy Since 1914 by : Derek Howard Aldcroft
Download or read book The European Economy Since 1914 written by Derek Howard Aldcroft and published by Routledge. This book was released on 2013 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Economy Since 1914 provides an invaluable guide to the major economic changes in both Western and Eastern Europe during the twentieth century.
Book Synopsis Socialist Investment Cycles by : Peter Mihályi
Download or read book Socialist Investment Cycles written by Peter Mihályi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: by Peter J. D. Wiles Professor Emeritus University of London There are two sorts of writers of prefaces: the obliging and the disobliging. Surely Peter MiMlyi knows where to place me in this taxonomy. For the most part I write my own irrelevant opinions, but there was one act of gross interference: my insistence on a point he had already quietly made, the greater stability of the production of consumer goods under Communism even of food, if we exclude bad harvests. The many Marxist and some other scholars who wrote about Dr. Mih
Book Synopsis Business Cycles and Financial Crises by : A. W. Mullineux
Download or read book Business Cycles and Financial Crises written by A. W. Mullineux and published by Bookboon. This book was released on 1990 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Conditions and Macroeconomic Performance by : Steven M. Fazzari
Download or read book Financial Conditions and Macroeconomic Performance written by Steven M. Fazzari and published by Routledge. This book was released on 2015-06-05 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers on financial instability and its impact on macroeconomic performance honours Hyman P. Minsky and his lifelong work. It is based on a conference at Washington University, St. Louis, in 1990 and includes among the authors Benjamin M. Friedman, Charles P. Kindleberger, Jan Kregel and Steven Fazzari. These papers consider Minsky's definitive analysis that yields such a clear and disturbing sequence of financial events: booms, government intervention to prevent debt contraction and new booms that cause a progressive buildup of new debt, eventually leaving the economy much more fragile financially.
Book Synopsis Paul A. Samuelson by : John Cunningham Wood
Download or read book Paul A. Samuelson written by John Cunningham Wood and published by Taylor & Francis. This book was released on 2005 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Samuelson is a key figure in economic thinking. This gathers the essential assessments of this important economist, and provides an unparalleled insight into his lasting impact on economics.
Book Synopsis The European Economy 1914-2000 by : Derek Aldcroft
Download or read book The European Economy 1914-2000 written by Derek Aldcroft and published by Routledge. This book was released on 2002-01-10 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: As in earlier editions of this work, Professor Aldcroft presents a succinct and lucid account of the development and problems of the European economy throughout the twentieth century. The text divides into several clearly defined sub-periods: the aftermath of the First World War and reconstruction in the 1920s the depression and recovery of the 1930s the impact of the Second World War and the new division of Europe the postwar boom of the 1950s and 1960s the growth slowdown of the 1970s and the pervasive problems of inflation and unemployment. This new edition incorporates extensive revisions, including wide range coverage of the impact of economics union and the demise of the centrally-planned economies, revised bibliographies and topics for discussion. The European Economy 1914-2000 provides an invaluable guide to the major economic changes in both Western and Eastern Europe during the twentieth century.
Book Synopsis The Industrial Revolution and Work in Nineteenth Century Europe by : Lenard R. Berlanstein
Download or read book The Industrial Revolution and Work in Nineteenth Century Europe written by Lenard R. Berlanstein and published by Routledge. This book was released on 2003-09-02 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Industrial Revolution is a central concept in conventional understandings of the modern world, and as such is a core topic on many history courses. It is therefore difficult for students to see it as anything other than an objective description of a crucial turning-point, yet a generation of social and labour history has revealed the inadequacies of the Industrial Revolution as a way of conceptualizing economic change. This book provides students with access to recent upheavals in scholarly debate by bringing a selection of previously published articles, by leading scholars and teachers, together in one volume, accompanied by explanatory notes. The editor's introduction also provides a synthesis and overview of the topic. As the revision of historical thought is a continual process, this volume seeks to bring the reinterpretation of such debates as working-class formation up to the present by introducing post-structuralist and feminist perspectives.
Book Synopsis British Economic Fluctuations, 1790-1939 by : Derek H. Aldcroft
Download or read book British Economic Fluctuations, 1790-1939 written by Derek H. Aldcroft and published by Springer. This book was released on 1972-06-01 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis From Versailles to Wall Street, 1919-1929 by : Derek Howard Aldcroft
Download or read book From Versailles to Wall Street, 1919-1929 written by Derek Howard Aldcroft and published by Univ of California Press. This book was released on 1981-01-01 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:
