Industrial Fluctuations

Business & Finance, Economics, Comparative Economics, Economic History
Cover of the book Industrial Fluctuations by A. C. Pigou, Taylor and Francis
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Author: A. C. Pigou ISBN: 9781315441108
Publisher: Taylor and Francis Publication: November 10, 2016
Imprint: Routledge Language: English
Author: A. C. Pigou
ISBN: 9781315441108
Publisher: Taylor and Francis
Publication: November 10, 2016
Imprint: Routledge
Language: English

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.

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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.

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