Philosophy Dictionary of ArgumentsHome | |||
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Economic cycle: Economic cycles are recurrent fluctuations in economic activity characterized by alternating periods of expansion and contraction. These cycles include phases of growth (expansions) and decline (contractions), encompassing fluctuations in production, employment, investment, and consumer spending. See also Economy, Markets, Consumption. _____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Concept | Summary/Quotes | Sources |
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George W. Stadler on Economic Cycle - Dictionary of Arguments
Mause I 227 Economy/Real Business Cycle/Stadler: Stadler: Thesis of the Real Business Cycle Theory (RBC-Theory): Supply-side shocks can be identified as triggering the economy. ("Real Business" because they are real shocks). E.g. technical progress, e.g. negative supply shock: Increase in production costs, e.g. by increasing energy prices. Vs: See Economic Cycle/Public Choice, Economic Cycle/Keynesianism, Economic Cycle/Neo-Classical Theory. 1. Stadler, George W., Real business cycles. Journal of Economic Literature 32, (4), 1994, S. 1750– 1783._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconStad I George W. Stadler Real business cylces 1994 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |