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This article is published in Research Papers in Economics.The article was published on 1952-01-01 and is currently open access. It has received 2 citations till now.read more
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Journal ArticleDOI
Swinging All the Way: The Education of Doctor Lucas and Foes
TL;DR: The concept of equilibrium became a cornerstone of modern economic theory, namely for very practical and concrete reasons: it provided the justification and the rationale for exhaustive quantification and computation, identified as legitimate knowledge responding to the positivist criterion of enlightening science as discussed by the authors.
Book ChapterDOI
Does investment call the tune? Empirical evidence and endogenous theories of the business cycle
TL;DR: The role of investment in the business cycle can be classified into two main groups, exogenous and endogenous, according to the way they explain economic fluctuations as discussed by the authors, either as responses of the economy to factors that are external (exogenous shocks) or as upturns and downturns of the economic system internally generated (by endogenous factors).
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Journal ArticleDOI
Swinging All the Way: The Education of Doctor Lucas and Foes
TL;DR: The concept of equilibrium became a cornerstone of modern economic theory, namely for very practical and concrete reasons: it provided the justification and the rationale for exhaustive quantification and computation, identified as legitimate knowledge responding to the positivist criterion of enlightening science as discussed by the authors.
Book ChapterDOI
Does investment call the tune? Empirical evidence and endogenous theories of the business cycle
TL;DR: The role of investment in the business cycle can be classified into two main groups, exogenous and endogenous, according to the way they explain economic fluctuations as discussed by the authors, either as responses of the economy to factors that are external (exogenous shocks) or as upturns and downturns of the economic system internally generated (by endogenous factors).