Hicksian Visions and Vignettes on (Non-Linear) Trade Cycle Theories

K. Vela Velupillai
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K. Vela Velupillai: Department of Economics, National University of Ireland, Galway

No 82, Working Papers from National University of Ireland Galway, Department of Economics

Abstract: Hicks theorized about the trade cycle, from many perspectives, over the whole span of his long, fertile and distinguished profes- sional life. Beginning with thoughts on an equilibrium approach to the problem of the trade cycle in the early 30s, traversing1 those disequilibrium workhorses of macrodynamics, IS-LM and Multiplier- Accelerator models, he returned, in hunted hare fashion, to a Robert- sonian starting point. In this paper I attempt to construct a math- ematical tapestry of some of these Hicksian visions and vignettes, concentrating on (non-linear) trade cycle theories. I suggest that there are still pearls of analytical wisdom, on the non-linear dynam- ics of trade cycle theory, to be extracted from A Contribution to the Theory of the Trade Cycle (CTTC). The unlikely link between the way an economic conundrum, inherent in CTTC, was resolved and the resolution of (Part B of) Hilbert?s 16th Problem for Liénard?s equation is brie?y mentioned.

Keywords: Non-Linear Trade Cycle Theories; Mathematical Business Cycle Theories; Hicksian Models of the Trade Cycle (search for similar items in EconPapers)
JEL-codes: B31 B41 C65 E32 (search for similar items in EconPapers)
Date: 2004, Revised 2004
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