Critical Remarks on Some Business Cycle Theories

Also published in: A.H. Hansen and R.V. Clemence (Eds), Readings in Business Cycles and National Income, Allen & Unwin, London, 1953, pp. 357-375 ; In previous investigations we have attempted, with the help of statistical methods, to contribute to the explanation of cyclical fluctuations in modern free-enterprise economies, viz., the United States and Holland, 1921-1932. The experience gathered has since been increased by a yet unpublished study of the same type of the British economy in the period 1870-1914. In the present paper we propose to consider critically some of the best-known bu... Mehr ...