Einleitung

Reinhard Spree

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, 2011, vol. 52, issue 1, 9-17

Abstract: This introduction to the special issue on “Cycles and Crises” offers in part a critical look at developments in economic theory that have diverted interest from the business cycle, now considered to be obsolete. To the contrary, we argue here that all economic crises including the most recent are based on cyclical downtrends that are reinforced, prolonged and transformed by externalities.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:jbwige:v:52:y:2011:i:1:p:9-17:n:1

DOI: 10.1524/jbwg.2011.0001

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