Equilibrium business cycle theory in historical perspective

著者

書誌事項

Equilibrium business cycle theory in historical perspective

Kim, Kyun

（Historical perspectives on modern economics）

Cambridge University Press, 2006

  • : paperback

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注記

"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

内容説明・目次

内容説明

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.

目次

  • 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.

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