Hicksian Visions and Vignettes on (Non-Linear) Trade Cycle Theories
AbstractHicks 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 LiÃ©nard?s equation is brie?y mentioned.
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Bibliographic InfoPaper provided by Department of Economics, University of Trento, Italia in its series Department of Economics Working Papers with number 0407.
Date of creation: 2004
Date of revision:
Other versions of this item:
- 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.
- 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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