The Business Cycle: A Kelsonian Analysis
Increasingly dramatic swings in economic activity are characteristic of the modern business cycle that results from the failure of Say's Law of Markets to operate. From the perspective of the banking principle of the Smithian school of classical economics, the swings of the modern business cycl...
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| Veröffentlicht in: | The American journal of economics and sociology 2015-03, Vol.74 (2), p.379-418 |
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| container_end_page | 418 |
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| container_title | The American journal of economics and sociology |
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| creator | Greaney, Michael D. |
| description | Increasingly dramatic swings in economic activity are characteristic of the modern business cycle that results from the failure of Say's Law of Markets to operate. From the perspective of the banking principle of the Smithian school of classical economics, the swings of the modern business cycle are a symptom of a badly structured economic order based on inadequate or incorrect principles. The problems associated with the modern business cycle are, however, entirely solvable with the tools and techniques of binary economics as applied in a manner consistent with the principles of economic and social justice as proposed under Capital Homesteading. |
| doi_str_mv | 10.1111/ajes.12092 |
| format | Article |
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| source | Worldwide Political Science Abstracts; Sociological Abstracts; EBSCOhost Business Source Complete; Jstor Complete Legacy; Wiley Online Library All Journals |
| subjects | Banking Business cycle transmissions Business Cycles Economic activity Economic Problems Economic research Economic structure Economic theory Economics Economists History of economic thought History of ideas Homesteading Law Market Market theory Markets Norms Principles Schools Social Justice Studies Symptoms |
| title | The Business Cycle: A Kelsonian Analysis |
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