Post details: Business Cycle Theory

30/01/07

Permalink 07:43:03 pm, by RayTomes Email , 359 words, 1982 views   English (NZ)
Categories: Cycles, economics/business

Business Cycle Theory

This site has information on all the following economists and cycles researchers. Click the title to go to active links for all the following:

Business Cycle Empiricists
* Joseph Kitchin
o "Cycles and Trends in Economic Factors", 1923, REStat.
o Identified the three-to-five year inventory cycle.
* Nikolai D. Kondratiev, 1892-1931?- (1), (2), (3)
o The World Economy and its Condition During and After the War, 1922
o "The Long Waves in Economic Life", 1926, Archiv fur Sozialwissenschaft und Sozialpolitik (transl. 1935, REStat)
o The Long Wave Cycle, 1928.
o Russian economist, founder of the Moscow Institute for Business Conditions, Kondratieff identified the half-century "long wave" in his famous 1922 tract and 1926 article. One of the architechts of the first Soviet Five Year Plan, he was rewarded by Stalin with imprisonment in one of his Siberian camps, in which he died sometime in the 1930s.
* Wesley Clair Mitchell and the American Institutionalists
* The Harvard Barometer Group (Bullock, Persons, Crum)
* Moses Abramovitz, 1912-

Climate Theories of Cycles
* William Stanley Jevons, 1835-1882.
* Henry Ludwell Moore, 1869-1958.
* Johan Henryk Åkerman, 1896-1982

Continental Tradition: Overinvestment Theorists
* Clèment Juglar, 1819-1905.
* Mikhail Ivanovich Tugan-Baranovsky, 1865-1919.
* Arthur Spiethoff, 1873-1957.
* Gustav Cassel, 1866-1946.
* Dennis H. Robertson, 1890-1963.
* Joseph A. Schumpeter, 1883-1950.
* Jean Lescure, 1882-1947.
* Marco Fanno, 1878-1965
* Adolph Lowe and the Kiel School

Monetary Overinvestment Theorists
* Ralph G. Hawtrey, 1879-1971.
* Friedrich A. Hayek, 1889-1992.
* Gottfried von Haberler, 1900-

Anglo-American Tradition: Expectational and Lead/Lag Theorists
* Alfred Marshall, 1842-1924.
* Irving Fisher, 1867-1947.
* William H. Beveridge, 1879-1963.
* Wesley C. Mitchell, 1874-1948.
* Albert Aftalion, 1874-1956.
* Arthur C. Pigou, 1877-1959.
* John Maurice Clark, 1884-1963.
* George L.S. Shackle, 1903-1992.

Underconsumption Theorists
* John A.Hobson, 1858-1940.
* William T. Foster, 1879-1950.
* Waddill Catchings, 1879-1969
* John Maynard Keynes, 1883-1946.

Keynesian Multiplier-Accelerator Theories
* Roy F. Harrod, 1900-78.
* Paul A. Samuelson, 1915-
* Lloyd A. Metzler,
* Sir John R.Hicks, 1904-1989.
* James S. Duesenberry, 1918-
* Luigi Pasinetti, 1930-
* Dale W. Jorgensen, 1933-
* Arthur Smithies

Keynesian Endogenous Cycle Theory
* Erik F.Lundberg, 1907-1987.
* Michal Kalecki, 1899-1970.
* Nicholas Kaldor, 1908-1986.
* Richard M. Goodwin, 1913-1996.
* Hyman P. Minsky, 1919-1997.
* Hugh Rose, 1920-
* Jean-Michel Grandmont, 1939-

Shock-Dependent Theories
* Ragnar A.K. Frisch, 1895-1973.
* Eugene Slutsky, 1880-1948.
* Robert E. Lucas, Jr., 1937-
* Real Business Cycle Theory

Resources on Business Cycle Theory
* HET Pages: Old Business Cycle Theory, Keynesian Business Cycle Theory.
* The National Bureau for Economic Research (NBER)
* NBER business cycle dates table
* The Quantitative Macroeconomics and Real Business Cycle Home Page
* "The Development of Business-Cycle Theory in the German Language Area, 1900-1930" by Harald Hagemann, 1999, SdPE

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Wobbly Universe

Blog of Ray Tomes research on cycles, news reports on cycles, my original research on the Harmonics Theory and discussion of these matters.

There are cycles in everything. There are cycles in the weather, the economy, the sun, wars, geological formations, atomic vibrations, climate, human moods, the motions of the planets, populations of animals, the occurrence of diseases, the prices of commodities and shares and the large scale structure of the universe. None of these are independent of each other.

Research shows that very different disciplines often find the same cycle periods in their data. The inter-relatedness of all things is an idea who's time has come. The study of cycles is an excellent way to understand this because the periods of cycles are as easy to recognise as fingerprints or DNA sequences.

"The universe, believe it or not, is nothing other than a giant musical instrument with a very special but predictable pattern of harmonically related oscillations which determine the structure of everything from galactic clusters to subatomic particles and we are just parts of the various vibration modes."

The single axiom of the Harmonics Theory is that:

The Universe consists of a standing wave which develops harmonically related standing waves and each of these does the same.

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