Article(electronic)December 2002

Some Properties of R. G. D. Allen's Treatment of Kalecki's 1935 Model of Business Cycles

In: Journal of the history of economic thought, Volume 24, Issue 4, p. 463-474

Baxley, John V.; Moorhouse, John C.

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Abstract

More than sixty-five years have passed since Michal Kalecki (1935) published one of the first formal mathematical models of business cycles. His paper presents a closed-form analytic solution. This characteristic, among others, sets Kalecki's work apart from that of contemporary literary business cycle theorists such as Friedrich A. Hayek (1935) and John Maynard Keynes (1936).

Languages

English

Publisher

Cambridge University Press (CUP)

ISSN: 1469-9656

DOI

10.1080/1042771022000029896

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