The Problem of Trend and Cycle

R. M. Goodwin

Chapter 9 in Essays in Economic Dynamics, 1982, pp 112-121 from Palgrave Macmillan

Abstract: Abstract No problem in economics is more difficult than the one posed by the almost universal evidence that while capitalist economies grow, they do not expand steadily. On the contrary they sometimes advance rapidly but at other times they stagnate or decline. How are we to handle this delicate and unsolved problem of the mutual conditioning of these two types of behaviour?

Keywords: Capital Good; Economic Dynamics; Fixed Capital; Marginal Propensity; Mutual Conditioning (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05504-3_9

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DOI: 10.1007/978-1-349-05504-3_9

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