Time scales and mechanisms of economic cycles: a review of theories of long waves

被引：17

作者：

Bernard, Lucas ^{[1
]}

Gevorkyan, Aleksandr V. ^{[2
]}

Palley, Thomas I. ^{[3
]}

Semmler, Willi ^{[4
]}

机构：

[1] CUNY, NYC Coll Technol, Business Dept, Brooklyn, NY 11210 USA

[2] St Johns Univ, Peter J Tobin Coll Business, Dept Econ & Finance, New York, NY USA

[3] AFL CIO, Washington, DC USA

[4] NSSR, Dept Econ, New York, NY USA

来源：

REVIEW OF KEYNESIAN ECONOMICS | 2014年 / 2卷 / 01期

关键词：

cycles; production cycles; infrastructure cycles; accelerator-multiplier mechanism; innovation cycles; financial crisis; booms and busts; Goodwin; Kalecki; Minsky; asset price-leveraging cycles; Kaldor; Kuznets; Kondratieff; NONLINEAR MODEL; GROWTH; PERSISTENCE; ACCELERATOR; EXISTENCE; INCOME;

D O I：

10.4337/roke.2014.01.05

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper explores long wave theory, including Kondratieff's theory of cycles in production and relative prices; Kuznets's theory of cycles arising from infrastructure investments; Schumpeter's theory of cycles due to waves of technological innovation; Goodwin's theory of cyclical growth based on employment and wage share dynamics; Keynes-Kaldor-Kalecki's demand and investment-oriented theories of cycles; and Minsky's financial instability hypothesis whereby capitalist economies show a genetic propensity to boom bust cycles. This literature has been out of favor for many years but recent developments suggest a re-examination is warranted and timely.

引用

页码：87 / 107

页数：21

共 50 条

[1] Gold Inflation and Economic Development: Are there 'Long Waves' of Trade Cycles?
Palyi, Melchior
[J]. JOURNAL OF POLITICAL ECONOMY, 1935, 43 (06) : 846 - 846
[2] ON NONLINEAR THEORIES OF ECONOMIC CYCLES AND THE PERSISTENCE OF BUSINESS CYCLES
SEMMLER, W
[J]. MATHEMATICAL SOCIAL SCIENCES, 1986, 12 (01) : 47 - 76
[3] Field investigations of time scales and mechanisms of sand suspending by irregular waves
Pykhov, NV
Kosyan, RD
Kuznetsov, SY
[J]. OKEANOLOGIYA, 1997, 37 (02): : 202 - 210
[4] Long economic Cycles
Kondratieff, N. D.
[J]. ARCHIV FUR SOZIALWISSENSCHAFT UND SOZIALPOLITIK, 1926, 56 (03): : 573 - 609
[5] LONG WAVES, LONG CYCLES, AND LONG SWINGS
TYLECOTE, A
[J]. JOURNAL OF ECONOMIC ISSUES, 1994, 28 (02) : 477 - 488
[6] LIGHT-FLASH PHARMACOLOGY - A REVIEW OF TIME SCALES AND MECHANISMS
LESTER, HA
[J]. JOURNAL OF GENERAL PHYSIOLOGY, 1984, 84 (06): : A10 - A10
[7] Economic cycles: long cycles and business cycles since 1870
Wood, GE
[J]. ECONOMIC HISTORY REVIEW, 1999, 52 (01): : 201 - 202
[8] Interaction of acoustic waves with cracks:: Elastic and inelastic nonlinearity mechanisms on different time scales
Zaitsev, VY
Gusev, VÉ
Nazarov, VE
Castagnéde, B
[J]. ACOUSTICAL PHYSICS, 2005, 51 (Suppl 1) : S67 - S77
[9] Interaction of acoustic waves with cracks: Elastic and inelastic nonlinearity mechanisms on different time scales
V. Yu. Zaitsev
V. É. Gusev
V. E. Nazarov
B. Castagnéde
[J]. Acoustical Physics, 2005, 51 : S67 - S77
[10] CRISIS AND CYCLES IN THE ECONOMIC ANALYSIS. THEORIES AND EVIDENCE
Mora Sanchez, Antonio
[J]. CLARIDADES-REVISTA DE FILOSOFIA, 2009, 1 : 17 - 28

← 1 2 3 4 5 →