Equilibrium Business Cycle Theory in Historical Perspective (Paperback)

Language: English

Published by Cambridge University Press, Cambridge, 2006

0521024927 / 9780521024921

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Paperback. 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. 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. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.

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Title
Equilibrium Business Cycle Theory in Historical Perspective (Paperback)
Author
Kim Kyun
Publisher
Cambridge University Press, Cambridge
Publication year
2006
Condition
new
Binding
Paperback
Language
English
ISBN 10
0521024927
ISBN 13
9780521024921
Edition
1st Edition

CitiRetail

Stevenage, United Kingdom

5-star seller

AbeBooks seller since June 29, 2022

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