Oferta y demanda y el ciclo económico: una interpretación de la situación económica actual

Starting from the current economic difficulties, we will try to increase our knowledge of economic cycle with the help of Ibn Khaldûn Cyclical Model, considering simultaneously the eventual shocks of demand and supply sides. Both of them may influence on the oscillatory movements of economic activity, separately (with different grades of emphasize each one, depending on the moment) or simultaneously. According to the observed symptoms, we think the last option should be the best explanation nowadays. We also have to remark the real complexity of economic functioning, having in mind the variety of human motivations versus the one-dimensional character of Smith’s homo oeconomicus, which is in the basis of our conventional economic conceptions.