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Journal Articles Journal of Economic Behavior and Organization Year : 1996

Structure and cycles


On the basis of a Neo-Austrian representation of the production process, we show how recurrent cycles can emerge from a distortion of productive capacity,which hamper the viability of changes that imply structural modifications. Even the quickest and most complete adaptation of the structure of productive capacity cannot prevent the economy from bearing fluctuations: it can only make them regular.
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hal-03471494 , version 1 (08-12-2021)


  • HAL Id : hal-03471494 , version 1
  • SCIENCESPO : 2441/6547


Mario Amendola, Claude Froeschlé, Jean-Luc Gaffard. Structure and cycles. Journal of Economic Behavior and Organization, 1996, 29 (3), pp.409 - 432. ⟨hal-03471494⟩
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