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. | |||
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Public Choice on Economic Cycle - Dictionary of Arguments
Mause I 227 Economy/New Political Economy/Public Choice: unlike post-Keynesianism and neoclassics, the New Political Economy assumes that economic policy-makers have sufficient control possibilities. As a result, fluctuations in the sense of political economic cycles are deliberately accepted in order to create a positive macroeconomic environment - particularly on the labour markets - in the run-up to upcoming elections, which significantly increases the chances of political leaders being re-elected.(1)(2) >Neoclassical economics, >Post-Keynesianism. 1. William D. Nordhaus, The political business cycle. Review of Economic Studies 42, (2), 1975, S. 169– 190. 2. W. D. Nordhaus, Alternative approaches to the political business cycle. Brookings Papers on Economic Activity 2, 1989, S. 1– 68._____________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. |
Public Choice Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Public Choice
> Counter arguments in relation to Economic Cycle
Ed. Martin Schulz, access date 2024-04-26