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Two-Population Social Cycle Theories

In: Including a Symposium on New Directions in Sraffa Scholarship

Author

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  • Gene Callahan
  • Andreas Hoffmann

Abstract

In this chapter, we explore whether various true, endogenous social cycle theories share common patterns and characteristics. We examine a number of prominent social theories describing cyclical patterns, and attempt to abstract an ideal type common to all of them, based on the idea of two populations disrupting each other and adjusting to the other’s disruptions. At the core of such theories we typically find a variation of a two-population model. In these theories, cycles emerge when one of the populations seems to disrupt the other population’s plans, leading to recurring adjustments and disruptions that constitute the cycle. Finding such commonalities in the world of theories can be useful for several reasons. For one thing, noticing that two theories share certain traits may help us understand each of them better. Furthermore, we show that agent-based modelers using modern object-oriented programming techniques can benefit from finding common patterns in theories.

Suggested Citation

  • Gene Callahan & Andreas Hoffmann, 2017. "Two-Population Social Cycle Theories," Research in the History of Economic Thought and Methodology, in: Including a Symposium on New Directions in Sraffa Scholarship, volume 35, pages 303-321, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-41542017000035b012
    DOI: 10.1108/S0743-41542017000035B012
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    Cited by:

    1. Rafał Apriasz & Tyll Krueger & Grzegorz Marcjasz & Katarzyna Sznajd-Weron, 2016. "The Hunt Opinion Model—An Agent Based Approach to Recurring Fashion Cycles," PLOS ONE, Public Library of Science, vol. 11(11), pages 1-19, November.

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    Keywords

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    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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