IDEAS home Printed from
   My bibliography  Save this article

Pace, Pattern and Phase: A Morphology of Cycles


  • Andrew Brody


A closed dynamic Leontief model is implemented for the Business, Government and Household sectors of the Hungarian and the US economies at the end of the past century. It is built on rough estimates of its flow and stock coefficients. The growth rate and the length and pattern of the four most familiar cycles are reasonably well approximated by the model and are similar for the two countries in spite of the large discrepancy in the proportions of the equilibrium quantity vectors. The mathematics of cycles (for discrete or continuous time) is also discussed. Fluctuations are shown to be the elementary, basic and unavoidable consequence of all productive activities. They will emerge even in the absence of any price mechanism.

Suggested Citation

  • Andrew Brody, 2004. "Pace, Pattern and Phase: A Morphology of Cycles," Economic Systems Research, Taylor & Francis Journals, vol. 16(4), pages 435-450.
  • Handle: RePEc:taf:ecsysr:v:16:y:2004:i:4:p:435-450 DOI: 10.1080/0953531042000304290

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    1. Basu, Kaushik, 1996. "Relief programs: When it may be better to give food instead of cash," World Development, Elsevier, vol. 24(1), pages 91-96, January.
    2. William Easterly, 2002. "The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550423, July.
    3. Harris, John R & Todaro, Michael P, 1970. "Migration, Unemployment & Development: A Two-Sector Analysis," American Economic Review, American Economic Association, vol. 60(1), pages 126-142, March.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Equilibrium; cycle; national accounts;


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ecsysr:v:16:y:2004:i:4:p:435-450. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.