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Later Trade Cycle Theory: Technical Progress and Dynamics

In: Alvin Hansen

Author

Listed:
  • Robert J. Bigg

Abstract

In the early 1930s, Hansen came to the view that the severity and duration of the 1930–3 depression were due to a confluence of long and short cyclical fluctuations. This he advanced in Economic Stabilisation in an Unbalanced World (1932). A decade later, looking back from a post-war perspective, Hansen’s emphasis had shifted to the medium and longer term, especially issues of economic maturity.

Suggested Citation

  • Robert J. Bigg, 2023. "Later Trade Cycle Theory: Technical Progress and Dynamics," Great Thinkers in Economics, in: Alvin Hansen, pages 141-171, Palgrave Macmillan.
    • Handle: RePEc:pal:gtechp:978-3-031-42216-4_7
    DOI: 10.1007/978-3-031-42216-4_7
    as

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