Lutz and Equilibrium and Business cycles theory

Muriel Dal-Pont Legrand () and Harald Hagemann
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Muriel Dal-Pont Legrand: CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique
Authors registered in the RePEc Author Service: Muriel DAL PONT LEGRAND

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Abstract: The incorporation of cyclical phenomenon into an equilibrium analytical framework has long been considered as a fundamental and controversial issue until Lucas in the earlier 1970s proposed an answer to this dilemma. Different authors have then questioned the (dis-)continuity one could observe between the interwar period and Lucas's program of research. In this debate, Lutz's analysis has been quite ignored. The purpose of this paper is to investigate Lutz's Konjunkturproblem in der Nationalökonomie (1932), an important contribution on the origins of modern equilibrium business-cycle theories.

Keywords: Lutz; equilibrium; business cycles theory; statics; dynamics; équilibre; théorie des cycles; statique; dynamique (search for similar items in EconPapers)
Date: 2013-08-01
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Published in Œconomia - History/Methodology/Philosophy, 2013, 3 (2), pp.241-262

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00853422

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