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Industrial Fluctuations
Paperback
Series: Routledge Library Editions: Landmarks in the History of Econ
ISBN13: 9781138217263
Publisher: Routledge
Published: Oct 23 2018
Pages: 427
Weight: 1.33
Height: 0.88 Width: 6.14 Depth: 9.21
Language: English
Rejecting the idea of an equilibrium business cycle, this book, originally published in 1927, studies those industrial fluctuations which extend over short spans of years: cyclical fluctuations. The causes of these cycles are discussed and the consequences which result and way in which to mitigate these consequences with regard to social well-being are examined. Although Pigou's approach went out of fashion following Keynes, it is similar in spirit to much of the late twentieth-century work stimulated by real business cycle theory.
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