Prosperity and Depression
Regular price
€61.50
A01=Gottfried Haberler
acceleration
Acceleration Principle
advanced cyclical movement analysis
Agricultural Fluctuations
Author_Gottfried Haberler
Business Cycle Theories
capital
Capital Goods Industries
Category=KCA
Central Bank Money
Chronic
Credit Expansion
crisis and revival mechanisms
Cyclical Movement
Deflationary Effect
Durable Capital Goods
economic fluctuations analysis
efficiency
empirical business cycle studies
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Error Theories
fluctuations
Gottfried Haberler
Idle Balances
industrial
interest
Joseph T. Salerno
Keynes
liquidity
macroeconomic theory
marginal
Marginal Propensity
Monetary Factors
monetary instability research
Money Wages
Over-investment Theory
preference
principle
Professor Ohlin
Real Maladjustment
Roundabout
Roundabout Methods
Superimposed
trade cycle models
Under-consumption Theories
Vice Versa
Voluntary Savings
Product details
- ISBN 9781412842204
- Weight: 748g
- Dimensions: 152 x 229mm
- Publication Date: 15 Oct 2011
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Paperback
Secure
checkout
Fast Shipping
Easy returns
First issued in 1937 and then revised in 1957, Prosperity and Depression focuses on the task of analyzing existing theories of the business cycle and deriving a synthetic account of the nature and possible causes of economic fluctuations. The application, as far as possible, of quantitative tests to the various causal hypotheses - influences the manner in which the problem of economic cycles is approached in Haberler's book.The first part on "The Systematic Analysis of the Theories of the Business Cycle" gathers various hypotheses of explanation, to test their logical consistency and their compatibility with one another and with accepted economic principles. It gives a well rounded picture of the possible explanations of economic fluctuations. The second part, "Synthetic Exposition Relating to the Nature and Causes of Business Cycles" argues that there are many points where no definitive solution can be proposed, but have a number of possibilities. The choice between these can then be made only on the basis of empirical investigations.Haberler argues that theoretical reasoning supported only by broad facts as one happens to know without special statistical or historical investigations can create intelligent questions, but it cannot definitely answer them. By analyzing various theories and explanations of the business cycle, this book clarifies a number of issues presupposed. The difference between the theories analyzed is not as complicated as is sometimes believed. In fact it is shown how theories which seem prima facie to contradict one another can be reconciled. David Felix's new introduction underlines the continuing importance of this classic.
