Aufsatz(elektronisch)Dezember 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, Band 24, Heft 4, S. 463-474
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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).
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