A01=A. C. Pigou
Author_A. C. Pigou
Bad Times
business cycle theory
Category=G
credit creation mechanisms
Credit Creations
cyclical economic instability research
Debts
Discount
Discount Policy
Discount Rate
economic forecasting errors
Embracing
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
Follow
Forecast
Friction
Harvest Variations
Holds
Independent
Industrial Fluctuations
Judgement
Machinery
macroeconomic fluctuations
Main
monetary policy analysis
Payment
Poor
Royal
Slightly
Standpoint
Stronger
Swing
Vice Versa
wage rigidity effects
Product details
- ISBN 9781138217195
- Weight: 453g
- Dimensions: 156 x 234mm
- Publication Date: 24 Oct 2016
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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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.
