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

Published online by Cambridge University Press:  11 June 2009

John V. Baxley  and
John C. Moorhouse
John V. Baxley
Affiliation:
Department of Mathematics, Wake Forest University
John C. Moorhouse
Affiliation:
Department of Economics, Wake Forest University, Winston-Salem, NC 27109
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Extract

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).

Type
Research Article
Information
Journal of the History of Economic Thought , Volume 24 , Issue 4 , December 2002 , pp. 463 - 474
Copyright
Copyright © The History of Economics Society 2002

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References

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