'Studies in Business-Cycle Theory' : a review essay by Jean-Paul Fitoussi and Kumaraswamy Velupillai - Sciences Po Access content directly
Journal Articles Journal of Money, Credit and Banking Year : 1987

'Studies in Business-Cycle Theory' : a review essay by Jean-Paul Fitoussi and Kumaraswamy Velupillai

Abstract

Over fifty years a go, Hayek enunciated a program of research for eonomics and economists concerned with problems of fluctuations: The incorporationo f cyclical phenomena into the system of economic equilibrium, with which they are in apparent contradiction, remains the crucial problem of Trade Cycle Theory. (Hayek 1933, quoted by Lucas, p. 215) (...).
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hal-03399137 , version 1 (23-10-2021)

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  • HAL Id : hal-03399137 , version 1
  • SCIENCESPO : 2441/6275

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Vela Velupillai, Jean-Paul Fitoussi. 'Studies in Business-Cycle Theory' : a review essay by Jean-Paul Fitoussi and Kumaraswamy Velupillai. Journal of Money, Credit and Banking, 1987, 19 (1), pp.122 - 130. ⟨hal-03399137⟩

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