Download or read book Economic Growth and Long Cycles written by Nikolaos Chatzarakis and published by Taylor & Francis. This book was released on 2024-06-03 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary capitalism is characterized by periods of vigorous economic growth and periods of slow or even negative growth. This book draws on the classical political economy approach to consider both economic cycles and economic growth and draw conclusions about the inherent instability of the modern economy. The book shows that the work of the old classical economists (Smith and Ricardo) and Marx is theoretically sound and capable of providing answers to both growth and cycles. It also demonstrates the potential and natural integration of growth and cycles in a single model. The microeconomic foundation of this model is the labor theory of value, which continues with the General Law of Capital Accumulation, the Law of the Falling Rate of Profit, and the movement of the Industrial Reserve Army of Labour. Finally, a dynamic model of growth-cum-cycles is constructed consisting of the evolution and interaction of five key variables, namely, the rate of profit, the propensity to invest in fixed capital, technological change, the reserve army of labour, and the rate of capital devaluation. The analysis demonstrates that economic growth and cycles are not disconnected from each other, as they have been treated in the literature, but rather interdependent aspects of the same evolutionary process of a capitalist economy. This book will interest readers in the history of economic thought, economic growth and development, macroeconomics, and political economy.
Download or read book Economic Cycles written by Solomos Solomou and published by Manchester University Press. This book was released on 1998 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ups and downs of booms and slumps, often referred to as business cycles, are features of all modern economies. This book considers business cycles over three epochs 1870-1913, 1919-1938 and the post-World War II period. It provides an analysis of the key macroeconomic questions relating to economic fluctuations. Why are the ups and down more volatile in some epochs than others? Why are some business cycle shocks more persistent in their effects? Is there an international business cycle? Can present business cycle features predict future patterns? What impact will institutional changes, such as EMU have on future fluctuations?
Download or read book Economic Growth and Long Cycles written by Nikolaos Chatzarakis and published by . This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Contemporary capitalism is characterized by periods of vigorous economic growth and periods of slow or even negative growth. This book draws on the classical political economy approach to consider both economic cycles and economic growth and draw conclusions about the inherent instability of the modern economy. The book shows that the work of the old Classical economists (Smith and Ricardo) and Marx is theoretically sound and capable of providing answers to both growth and cycles. It also demonstrates the potential and natural integration of growth and cycles in a single model. The microeconomic foundation of this model is the labour theory of value, which continues with the General Law of Capital Accumulation, the Law of the Falling Rate of Profit, and the movement of the Industrial Reserve Army of labour. Finally, a dynamic model of growth-cum-cycles is constructed consisting of the evolution and interaction of five key variables, namely, the rate of profit, the propensity to invest in fixed capital, technological change, the reserve army of labour, and the rate of capital devaluation. The analysis demonstrates that economic growth and cycles are not disconnected from each other, as they have been treated in the literature, but rather interdependent aspects of the same evolutionary process of a capitalist economy. This book will interest readers in history of economic thought, economic growth and development, macroeconomics and political economy"--
Download or read book Innovation Economics Engineering and Management Handbook 1 written by Dimitri Uzunidis and published by John Wiley & Sons. This book was released on 2021-06-08 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation, in economic activity, in managerial concepts and in engineering design, results from creative activities, entrepreneurial strategies and the business climate. Innovation leads to technological, organizational and commercial changes, due to the relationships between enterprises, public institutions and civil society organizations. These innovation networks create new knowledge and contribute to the dissemination of new socio-economic and technological models, through new production and marketing methods. Innovation Economics, Engineering and Management Handbook 1 is the first of the two volumes that comprise this book. The main objectives across both volumes are to study the innovation processes in todays information and knowledge society; to analyze how links between research and business have intensified; and to discuss the methods by which innovation emerges and is managed by firms, not only from a local perspective but also a global one. The studies presented in these two volumes contribute toward an understanding of the systemic nature of innovations and enable reflection on their potential applications, in order to think about the meaning of growth and prosperity.
Download or read book Economic Growth and Business Cycles written by Paolo Sylos Labini and published by Edward Elgar Publishing. This book was released on 1993 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, Professor Sylos Labini offers an analysis of growth that is at once theoretical, historical and statistical. The central aim of neo-classical economics has been to discover the equilibrium values of prices, incomes, employment and production. This text by contrast, seeks to understand the logic behind the movement of these quantities over time.
Download or read book Building Cycles written by Richard Barras and published by John Wiley & Sons. This book was released on 2009-08-13 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economic crisis of 2008 was precipitated by a housing market crash, thus highlighting the destabilizing influence of the property cycle upon the wider economy. This timely book by a world authority explores why cycles occur and how they affect the behaviour of real estate markets. The central argument put forward is that growth and instability are inextricably linked, and that building investment acts both as a key driver of growth and as the source of the most volatile cyclical fluctuations in an economy. The role of building cycles in both economic growth and urban development is explored through a theoretical review and a comparative historical analysis of UK and US national data stretching back to the start of the nineteenth century, together with a case study of the development of London since the start of the eighteenth century. A simulation model of the building cycle is presented and tested using data for the City of London office market. The analysis is then broadened to examine the operation of property cycles in global investment markets during the post-war period, focussing on their contribution to the diffusion of innovation, the accumulation of wealth and the propagation of market instability. Building Cycles: growth & instability concludes by synthesizing the main themes into a theoretical framework, which can guide our understanding of the operation and impact of building cycles on the modern economy. Postgraduate students on courses in property and in urban development as well as professional property researchers, urban economists and planners will find this a stimulating read – demanding but accessible.
Download or read book The Long Wave Debate written by Tibor Vasko and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proceedings reflect the state-of-the-art of long-term fluctuations in economic growth as well as discussing promising areas of research in this field. The unique combination of participants from East and West (including the People's Republic of China) is a guarantee for wide coverage and unusual insights. The problems treated range from the identification of long-term fluctuations in developing and developed countries in both East and West to their relationship to important economic variables (profit, prices, money supply). Particular attention is focused on structural changes and the role of technological development in the light of the long-term fluctuation concept. It is interesting to follow the treatment of this issue by scientists with different orientations. The role of financial and monetary variables is also analyzed by leading researchers in the field.
Download or read book The Long Wave in Economic Life written by J.J. Van Duijn and published by Routledge. This book was released on 2013-11-05 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Of all fluctuations in economic activity, the long wave or Kondratieff cycle is easily the most puzzling and least understood one. Does it really exist, and if so, is it only a cycle in prices or a cycle in economic activity at large? What causes it, and has it been confined to Europe or does it affect the world economy as a whole? These questions, which seemed of little relevance in the prosperous years of the postwar growth era, have gained new importance since 1973. With the downturn of the long wave, interest in it has enjoyed a revival, as it did in the 1930s. A great number of publications on the long wave have appeared since 1973, many of which have added to our insight of what causes the recurrent alternations of growth acceleration and retardation. This book is the first in the English language in which all important long wave theories, old as well as recent, are brought together. It focuses on the long wave as an international phenomenon, affecting all industrialised countries. It contains new theory as well as empirical evidence and in the final section suggests a number of policy recommendations to generate innovation. This book offers an interpretation of long-term economic development different from those commonly found in the literature. It will be of interest to students and scholars of the economics of growth and change, as well as to economic historians and policy-makers. This book was first published in 1983.
Download or read book Frontiers of Business Cycle Research written by Thomas F. Cooley and published by Princeton University Press. This book was released on 1995-02-26 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: This introduction to modern business cycle theory uses a neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting advances in dynamic economic theory and computational methods, it applies concepts to t
Download or read book Cycles Growth and Structural Change written by Lionello F. Punzo and published by Psychology Press. This book was released on 2001 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume gathers together contributions on the subject of the relationship between economic oscillations, growth, and structural change. Contributions are both empirical and theoretical, and employ a sophisticated level of mathematical modelling.
Download or read book The Great Cycle written by Dick A. Stoken and published by Irwin Professional Publishing. This book was released on 1993 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Informative grade on long-term economic cycles and how they impact our financial lives. We must understand the past in order to forecast the future, and no other book explains where we've been and where we're going as this one does. Find out why Stoken believes we are now in a period of major transition and what you should do about it.
Download or read book Business Cycles and Economic Growth written by James Stemble Duesenberry and published by New York : McGraw-Hill. This book was released on 1958 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kondratiev and the Dynamics of Economic Development written by Vincent Barnett and published by Springer. This book was released on 2016-01-06 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Barnett presents the first in-depth analysis in English of the pioneer of long cycle analysis, N.D. Kondratiev (1892-1938), who was a key policy adviser to the Soviet government in the early part of the 1920s. Kondratiev developed a market-led industrialization strategy for the USSR, in direct opposition to Stalin's centrally-planned industrialization programme, and was the director of the Conjuncture Institute, a centre for the study of business cycles and forecasting between 1920 and 1928. It was within the Conjuncture Institute that Kondratiev developed his analysis of long cycles. Barnett covers all aspects of Kondratiev's work.
Download or read book Cycles Growth and the Great Recession written by Annalisa Cristini and published by Routledge. This book was released on 2014-11-13 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cycles, Growth and the Great Recession is a collection of papers that assess the nature and role of the business cycle in contemporary economies. These assessments are made in the context of the financial market instability that distinguishes the Great Recession from previous post-war slowdowns. Theorists and applied scholars in the fields of economics and mathematical economics discuss various approaches to understanding cycles and growth, and present mathematical and applied macro models to show how uncertainty shapes cycles by affecting the economic agent choice. Also included is an empirical section that investigates how the Great Recession affected households’ housing wealth, labour productivity and migration decisions. This book aims to: Propose a novel understanding of the business cycle by comparing the approaches of various scholars, starting from Hyman Minsky and Piero Ferri. Show that uncertainty is a main feature of the business cycle that affects decision-making and economic behaviour in general. Explain with mathematical models how the behaviour of economic agents can lead to cyclical paths for modern developed economies. Augment theory with empirical analysis of some central issues related to the Great Recession. This book comprises an original view of such widely discussed subjects as business cycles, uncertainty, economic growth and the Great Recession, constructed around theory, models and applications.
Download or read book Kondratiev and the Dynamics of Economic Development written by Vincent Barnett and published by . This book was released on 1998 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Growth Cycles in the Centrally Planned Economies written by Grzegorz W. Kołodko and published by . This book was released on 1986 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trends and Cycles in Economic Activity written by William Fellner and published by . This book was released on 1956 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt:
