Equilibrium business cycle theory in historical perspective
Author(s)
Bibliographic Information
Equilibrium business cycle theory in historical perspective
(Historical perspectives on modern economics)
Cambridge University Press, 2006
- : paperback
Available at 2 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
"This digitally printed first paperback version 2006"--T.p. verso
A revision of the author's thesis (doctoral)--Duke University, 1986
Includes bibliographical references (p. 115-123) and index
Description and Table of Contents
Description
This 1988 book presents a historical investigation of the theoretical development of contemporary Equilibrium Business Cycle Theory (EBCT). The author examines the central features of the EBCT by tracing both the history of business cycle theory and the history of econometrics. These historical analyses make clear two central principles of the EBCT: its optimization foundation and its economic strategy. Following along these lines, the author argues that the EBCT succeeds the tradition of the Austrian cycle theory that attempted to incorporate the cycle with classical equilibrium doctrine. He further argues that the EBCT's econometric strategy is only a child of the Cowles commission method. Investigating interwar macroeconomics in very readable style, this book brings the period back into the heart of macroeconomic thinking.
Table of Contents
- Acknowledgments
- 1. Introduction: equilibrium business cycle theory
- 2. The classical tradition and business cycle theory
- 3. The econometric approach to business cycles
- 4. Hayek, the Cowles Commission, and equilibrium business cycle theory
- 5. Contemporary trends in macroeconometrics
- 6. Conclusion
- References
- Index.
by "Nielsen BookData"