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

Author

Listed:
  • K. Vela Velupillai

    (Department of Economics, National University of Ireland, Galway)

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.

Suggested Citation

  • K. Vela Velupillai, 2004. "Hicksian Visions and Vignettes on (Non-Linear) Trade Cycle Theories," Working Papers 0082, National University of Ireland Galway, Department of Economics, revised 2004.
    • Handle: RePEc:nig:wpaper:0082
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    More about this item

    Keywords

    Non-Linear Trade Cycle Theories; Mathematical Business Cycle Theories; Hicksian Models of the Trade Cycle;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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