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2016 | Business & Finance
Rejecting the idea of an equilibrium business cycle, this book, originally published in 1927, studies those industrial fluctuations which extend over short spans of years: cyclical fluctuations. The causes of these cycles are discussed and the consequences which result and way in which to mitigate these consequences with regard to social well-being are examined. Although Pigou's approach went out of fashion following Keynes, it is similar in spirit to much of the late twentieth-century work stimulated by real business cycle theory.
A.C. Pigou
(Author)
| Published by | Taylor & Francis Ltd |
| Edition | Unknown |
| ISBN | 9781138217195 |
| Language | N/A |
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