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Equilibrium Economics and Business-Cycle Theory

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  • Simon Kuznets

Abstract

I. Formulation of the question. A brief historical survey, 381. — II. Recent discussion in Germany: Lederer, Loewe, Carrel, 386. — III. In what sense the equilibrium theory is valid, 392. — IV. The element of time differences: Rosenstein-Rodan, further elaboration, 401. — V. Time differences and the cumulation of random changes, 408. — VI. Summary, 412.

Suggested Citation

  • Simon Kuznets, 1930. "Equilibrium Economics and Business-Cycle Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 44(3), pages 381-415.
    • Handle: RePEc:oup:qjecon:v:44:y:1930:i:3:p:381-415.
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    Citations

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    Cited by:

    1. Ghassan Dibeh, 2001. "Time Delays and Business Cycles: Hilferding's model revisited," Review of Political Economy, Taylor & Francis Journals, vol. 13(3), pages 329-341.
    2. Hagemann Harald, 2019. "Impulses and Propagation Mechanisms in Equilibrium Business Cycles Theories: From Interwar Debates to DSGE “Consensus”," Working Papers halshs-02386344, HAL.
    3. Jason Angelopoulos, 2017. "Creating and assessing composite indicators: Dynamic applications for the port industry and seaborne trade," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 19(1), pages 126-159, March.
    4. Lucy Badalian & Victor Krivorotov, 2009. "Economic development as domestication of a geoclimatic zone: The historic East-West divide and the current trends towards its closure," Journal of Innovation Economics, De Boeck Université, vol. 0(1), pages 13-48.
    5. Andrés Mauricio Gómez Sánchez & José Gabriel Astaiza Gómez, 2013. "Ciclo económico y prima por riesgo en el mercado accionario colombiano," Revista Ecos de Economía, Universidad EAFIT, December.
    6. Gehrke, Christian, 1997. "Introduction to Adolf Lowe's 'How is business cycle theory possible at all?'," Structural Change and Economic Dynamics, Elsevier, vol. 8(2), pages 233-244, June.
    7. Eduardo Wills, 2009. "Spirituality and Subjective Well-Being: Evidences for a New Domain in the Personal Well-Being Index," Journal of Happiness Studies, Springer, vol. 10(1), pages 49-69, March.
    8. Natalia A. Makasheva, 2021. "Kondratiev and a new methodological agenda for economics," Russian Journal of Economics, ARPHA Platform, vol. 7(1), pages 50-66, March.
    9. Haitham A. Al-Zoubi & Jennifer A. O’Sullivan & Abdulaziz M. Alwathnani, 2018. "Business cycles, financial cycles and capital structure," Annals of Finance, Springer, vol. 14(1), pages 105-123, February.
    10. Seo, Takashi, 2021. "Schumpeter's paradox reconsidered: The need for a theory of circular flow," MPRA Paper 106802, University Library of Munich, Germany.
    11. Venkatachalam, Ragupathy & Kumar, Sunil Mitra, 2022. "Economic Structures and Dynamics: A Morphogenetic View," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 474-485.
    12. Alvarez-Ramírez, José & Rodríguez, Eduardo, 2012. "Temporal variations of serial correlations of trading volume in the US stock market," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(16), pages 4128-4135.

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