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Industrial Fluctuations by A. C. Pigou

Industrial Fluctuations

by A. C. Pigou
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Book cover type: Hardcover
  • ISBN13: 9781138217195
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Taylor & Francis
  • Publisher Imprint: Routledge
  • Publication Date:
  • Pages: 434
  • Original Price: GBP 190.0
  • Language: English
  • Edition: N/A
  • Item Weight: 778 grams
  • BISAC Subject(s): Economic History and Economics / Comparative

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.

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