Industrial Fluctuations (Routledge Library Editions: Landmarks in the History of Economic Thought)
ISBN-13:
9781138217195
ISBN-10:
1138217190
Edition:
1
Author:
A. C. Pigou
Publication date:
2016
Publisher:
Routledge
Format:
Hardcover
434 pages
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Book details
ISBN-13:
9781138217195
ISBN-10:
1138217190
Edition:
1
Author:
A. C. Pigou
Publication date:
2016
Publisher:
Routledge
Format:
Hardcover
434 pages
Summary
Industrial Fluctuations (Routledge Library Editions: Landmarks in the History of Economic Thought) (ISBN-13: 9781138217195 and ISBN-10: 1138217190), written by authors
A. C. Pigou, was published by Routledge in 2016.
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Description
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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