Later Trade Cycle Theory: Technical Progress and Dynamics

Robert Bigg

A chapter in Alvin Hansen, 2023, pp 141-171 from Palgrave Macmillan

Abstract: Abstract In the early 1930s, Hansen came to the view that the severity and duration of the 1930–3 depression were due to a confluence of long and short cyclical fluctuations. This he advanced in Economic Stabilisation in an Unbalanced World (1932). A decade later, looking back from a post-war perspective, Hansen’s emphasis had shifted to the medium and longer term, especially issues of economic maturity.

Keywords: Advertising; Alvin Hansen; American Frontier; American Keynesianism; Business cycle; Cost-price structure; Demand; Equilibrium; Great depression; Growth; Multiplier & accelerator; Population; Savings & investment; Stabilisation; Stagnation; Technological progress; Time-period analysis (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-3-031-42216-4_7

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DOI: 10.1007/978-3-031-42216-4_7

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