Business Cycles and Financial Crises

Business Cycles and Financial Crises

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He stressed that underlying the Kahn multiplier is the interdependence of all sectors and components of ... Consequently economic conduct is not completely rational but, he argues, this does not imply that economists cannot theorise rationally about ... One is a theory, closely related to the work of Schumpeter, in which a bunching of innovatory investment initiates a cycle in which the income- expenditureanbsp;...

Title:Business Cycles and Financial Crises
Author:A. W. Mullineux
Publisher:Bookboon -


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