Business cycles theories, evidence and analysis : proceedings of a conference held by the International Economic Association at Copenhagen, Denmark

The new classical revolution seems to have transformed macroeconomics into the theory of economic fluctuations. It is, in a sense, a return to the origins of macroeconomics as a discipline as fashioned by Hayek, Keynes and Lindahl. But the scope has shifted in the intervening five decades and more. It is this new scope - and the new tools that forge its expansion - that are surveyed and analysed in this volume. Front Matter....Pages i-xxxiii Front Matter....Pages 1-1 Theories of the Trade Cycle....Pages 3-38 Front Matter....Pages 39-39 Business Cycles, Manias and Panics in Industrial Societies....Pages 41-55 Cuspoidal Nets....Pages 56-63 A Constructive Approach to Economic Fluctuations....Pages 64-104 Front Matter....Pages 105-105 Hours and Employment Variation in Business-Cycle Theory....Pages 107-134 Cycles and Non-Stationary Equilibrium Search....Pages 135-153 Front Matter....Pages 155-155 Rationality and Cycles in the Multiplier- Accelerator Model....Pages 157-182 Strange Attractors and Endogenous Business Cycle Theory....Pages 183-204 Front Matter....Pages 205-205 Money and Business Cycles in Britain, 1870–1913....Pages 207-228 The Comparative Performance of Fixed and Flexible Exchange-Rate Regimes....Pages 229-275 Front Matter....Pages 277-277 Long Cycles....Pages 279-301 A War-Economy Theory of the Long Wave....Pages 303-328 Front Matter....Pages 329-329 Permanent and Transitory Components in Macroeconomics....Pages 331-367 Politics Matter After All....Pages 369-405 Front Matter....Pages 407-407 Panel Discussion A Will the Business Cycle Ever Be Obsolete in Industrial Societies? I....Pages 409-423 Non-Linear Dynamics and Economic Evolution....Pages 424-441 Back Matter....Pages 443-449