This book offers a sample of different theoretical approaches to business cycles, examining their respective views on economic policy with the objective of understanding business cycles that have been lost, and identifying those views which explain fluctuations and the way we conceive economic policy. This book was originally published as a special issue of The European Journal of the History of Economic Thought.
Inhaltsverzeichnis
Introduction: Business cycle theory as a basis for economic policy 1. Economics of the crisis and the crisis of economics 2. On the importance of institutions and forms of organisation in Piero Sraffa's economics: the case of business cycles, money, and economic policy 3. Mr Keynes, the Classics and the new Keynesians: A suggested formalisation 4. Three macroeconomic syntheses of vintage 1937: Hicks, Haberler, and Lundberg 5. Lange's 1938 model: dynamics and the "optimum propensity to consume" 6. Toward a non-linear theory of economic fluctuations: Allais's contribution to endogenous business cycle theory in the 1950s 7. The "Treasury View": An (un-)expected return?
