Preliminaries: Physical and Monetary (?) Foundations of Cyclical Action

M. L. Burstein
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M. L. Burstein: York University

Chapter 6 in The New Art of Central Banking, 1991, pp 125-139 from Palgrave Macmillan

Abstract: Abstract Underlying concepts include interference, diffraction, intrinsic and forced oscillation and resonance. For economics, wave interference is commandingly important — especially wave cancellation. Physical and economic processes are quite comparable from a wave mechanical standpoint. Steady-state response, along with transients, are a good example: see Feynman et al. (1963, I, pp. 21–6 and Chapter 24).

Keywords: Trade Cycle; Banking System; Money Supply; Trade Balance; Monetary Authority (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-11626-3_6

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