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THE PERIODICITY OF CRISES. A SURVEY OF THE LITERATURE BEFORE 1850

Abstract

This article examines the literature on the periodical recurrence of economic crises up to the 1840s, illustrating how awareness of this phenomenon was far more widespread than the few existing histories of business cycle theories indicate, that observations of this phenomenon began much earlier than previously documented, and also that early writers were more interested in emphasizing the intermittent return of crises rather than their precise timing.

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Daniele Besomi . 2006a. “Formal modelling vs. insight in Kalecki’s theory of the business cycle.” Research in the History of Economic Thought and Methodology 24A, pp. 1–48.

Daniele Besomi . 2008. “John Wade’s early endogenous dynamic model: ‘Commercial cycle’ and theories of crises.” European Journal of the History of Economic Thought 15: 4, December, pp. 611–39.

Harry Edward Miller . 1927. Banking theories in the United States before 1860. Cambridge: Harvard University Press.

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Journal of the History of Economic Thought
  • ISSN: 1053-8372
  • EISSN: 1469-9656
  • URL: /core/journals/journal-of-the-history-of-economic-thought
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