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Business cycle

Index Business cycle

The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [1]

154 relations: Aggregate demand, American Economic Association, Arthur F. Burns, Austrian business cycle theory, Austrian School, Automatic stabilizer, Budget, Cambridge University Press, Capital accumulation, Capitalism, Central bank, Charles Dunoyer, Chicago school of economics, Christian Hellwig, Classical economics, Clément Juglar, Communist revolution, Compensation & Benefits Review, Conference Board Leading Economic Index, Credit crunch, Credit cycle, Crisis theory, Das Kapital, David Gordon (economist), Debt deflation, Deficit spending, Depression (economics), Dynamic stochastic general equilibrium, Early 1980s recession, Early 1990s recession, Early 2000s recession, Eastern Bloc, Economic bubble, Economic equilibrium, Economic expansion, Economic inequality, Economic interventionism, Economic policy, Edmund Phelps, Edward C. Prescott, Effective demand, Fascism, Federal funds rate, Federal Reserve Bank of New York, Federal Reserve Bank of St. Louis, Final good, Financial crisis, Finn E. Kydland, Fiscal policy, Fixed investment, ..., Fractional-reserve banking, Frequency domain, Full employment, General glut, Goodwin model (economics), Government, Great Depression, Great Moderation, Great Recession, Gross domestic product, Henry George, Henryk Grossman, Heterodox economics, Hyman Minsky, Inflation, Information revolution, Irving Fisher, Jean Charles Léonard de Sismondi, Johann Karl Rodbertus, Joseph Kitchin, Joseph Schumpeter, Juglar cycle, Karl Marx, Keynesian economics, Keynesian Revolution, Kitchin cycle, Kondratiev wave, Korotayev, Kuznets swing, Laissez-faire, Land (economics), Land value tax, List of commodity booms, List of recessions in the United States, Long Depression, Macroeconomics, Mainstream economics, Malinvestment, Market economy, Market trend, Marxian economics, Michał Kalecki, Milton Friedman, Misnomer, Monetary policy, Napoleonic Wars, National Bureau of Economic Research, Neoclassical economics, New classical macroeconomics, Nikolai Kondratiev, OECD, Overproduction, Panic of 1825, Panic of 1873, Paradox of thrift, Paul Mattick, Paul Samuelson, Phillips curve, Planned economy, Post-Keynesian economics, Post-Napoleonic depression, Post–World War II economic expansion, Productivity improving technologies, Progress and Poverty, Raymond Vernon, Real business-cycle theory, Recession, Recession of 1969–70, Repurchase agreement, Richard M. Goodwin, Robert Lucas Jr., Robert Owen, Rosa Luxemburg, Saltwater and freshwater economics, Say's law, Schools of economic thought, Shadow banking system, Simon Kuznets, Skyscraper Index, Socialism, Soviet Union, Speculation, Stabilization policy, Stagflation, Steve Keen, Supply creates its own demand, Technological paradigm, Tendency of the rate of profit to fall, The Conference Board, The New Palgrave Dictionary of Economics, The Review of Economics and Statistics, Theories of Surplus Value, Thomas Woods, Underconsumption, Unemployment, Value (economics), Wall Street Crash of 1929, Welfare cost of business cycles, Wesley Clair Mitchell, William Nordhaus, World War II, World-systems theory, Yield curve, 1973–75 recession. Expand index (104 more) »

Aggregate demand

In macroeconomics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time.

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American Economic Association

The American Economic Association (AEA) is a learned society in the field of economics, headquartered in Nashville, Tennessee.

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Arthur F. Burns

Arthur Frank Burns (August 27, 1904June 26, 1987) was an American economist.

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Austrian business cycle theory

The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics about how business cycles occur.

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Austrian School

The Austrian School is a school of economic thought that is based on methodological individualism—the concept that social phenomena result from the motivations and actions of individuals.

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Automatic stabilizer

In macroeconomics, automatic stabilizers are features of the structure of modern government budgets, particularly income taxes and welfare spending, that act to dampen fluctuations in real GDP.

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Budget

A budget is a financial plan for a defined period of time, usually a year.It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.

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Cambridge University Press

Cambridge University Press (CUP) is the publishing business of the University of Cambridge.

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Capital accumulation

Capital accumulation (also termed the accumulation of capital) is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains.

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Capitalism

Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.

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Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

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Charles Dunoyer

Charles Dunoyer (Barthélemy-Charles-Pierre-Joseph Dunoyer de Segonzac, 20 May 1786, Carennac, Quercy (now in Lot) – 4 December 1862, Paris) was a French liberal economist.

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Chicago school of economics

The Chicago school of economics is a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago, some of whom have constructed and popularized its principles.

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Christian Hellwig

Christian Hellwig is a German economic theorist and macroeconomist who did research in the field of global games.

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Classical economics

Classical economics or classical political economy (also known as liberal economics) is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.

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Clément Juglar

Clément Juglar (15 October 1819 – 28 February 1905) was a French doctor and statistician.

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Communist revolution

A communist revolution is a proletarian revolution often, but not necessarily inspired by the ideas of Marxism that aims to replace capitalism with communism, typically with socialism as an intermediate stage.

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Compensation & Benefits Review

Compensation & Benefits Review is a bimonthly peer-reviewed academic journal that covers in the field of labor relations.

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Conference Board Leading Economic Index

The Conference Board Leading Economic Index is an American economic leading indicator intended to forecast future economic activity.

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Credit crunch

A credit crunch (also known as a credit squeeze or credit crisis) is a sudden reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from banks.

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Credit cycle

The credit cycle is the expansion and contraction of access to credit over time.

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Crisis theory

Crisis theory, concerning the causes and consequences of the tendency for the rate of profit to fall in a capitalist system, is now generally associated with Marxian economics.

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Das Kapital

Das Kapital, also known as Capital.

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David Gordon (economist)

David M. Gordon (1944 – March 16, 1996) was an American economist and Professor of Economics at the Graduate Faculty of the New School for Social Research.

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Debt deflation

Debt deflation is a theory that recessions and depressions are due to the overall level of debt rising in real value because of deflation, causing people to default on their consumer loans and mortgages.

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Deficit spending

Deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit; the opposite of budget surplus.

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Depression (economics)

In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies.

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Dynamic stochastic general equilibrium

Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a method in macroeconomics that attempts to explain economic phenomena, such as economic growth and business cycles, and the effects of economic policy, through econometric models based on applied general equilibrium theory and microeconomic principles.

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Early 1980s recession

The early 1980s recession was a severe global economic recession that affected much of the developed world in the late 1970s and early 1980s.

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Early 1990s recession

The early 1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s.

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Early 2000s recession

The early 2000s recession was a decline in economic activity which mainly occurred in developed countries.

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Eastern Bloc

The Eastern Bloc was the group of socialist states of Central and Eastern Europe, generally the Soviet Union and the countries of the Warsaw Pact.

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Economic bubble

An economic bubble or asset bubble (sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon) is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value.

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Economic equilibrium

In economics, economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change.

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Economic expansion

An economic expansion is an increase in the level of economic activity, and of the goods and services available.

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Economic inequality

Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries.

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Economic interventionism

Economic interventionism (sometimes state interventionism) is an economic policy perspective favoring government intervention in the market process to correct the market failures and promote the general welfare of the people.

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Economic policy

The economic policy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy.

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Edmund Phelps

Edmund Strother Phelps, (born July 26, 1933) is an American economist and the winner of the 2006 Nobel Memorial Prize in Economic Sciences.

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Edward C. Prescott

Edward Christian Prescott (born December 26, 1940) is an American economist.

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Effective demand

In economics, effective demand (ED) in a market is the demand for a product or service which occurs when purchasers are constrained in a different market.

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Fascism

Fascism is a form of radical authoritarian ultranationalism, characterized by dictatorial power, forcible suppression of opposition and control of industry and commerce, which came to prominence in early 20th-century Europe.

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Federal funds rate

In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis.

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Federal Reserve Bank of New York

The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States.

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Federal Reserve Bank of St. Louis

The Federal Reserve Bank of St.

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Final good

In economics, any commodity which is produced and subsequently consumed by the consumer, to satisfy his current wants or needs, is a consumer good or final good.

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Financial crisis

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value.

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Finn E. Kydland

Finn Erling Kydland (born 1 December 1943) is a Norwegian economist known for his contributions to business cycle theory.

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Fiscal policy

In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.

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Fixed investment

Fixed investment in economics refers to investment in fixed capital or to the replacement of depreciated fixed capital.

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Fractional-reserve banking

Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.

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Frequency domain

In electronics, control systems engineering, and statistics, the frequency domain refers to the analysis of mathematical functions or signals with respect to frequency, rather than time.

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Full employment

Full employment means that everyone who wants a job have all the hours of work they need on "fair wages".

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General glut

In macroeconomics, a general glut is an excess of supply in relation to demand, specifically, when there is more production in all fields of production in comparison with what resources are available to consume (purchase) said production.

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Goodwin model (economics)

The Goodwin model, sometimes called Goodwin’s class struggle model, is a model of endogenous economic fluctuations first proposed by the American economist Richard M. Goodwin in 1967.

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Government

A government is the system or group of people governing an organized community, often a state.

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Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

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Great Moderation

In economics, the Great Moderation is a term coined in 2002 to describe a reduction in the volatility of business cycle fluctuations starting in the mid-1980s, believed at that time to be permanent, and to have been caused by institutional and structural changes in developed nations in the later part of the twentieth century.

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Great Recession

The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Henry George

Henry George (September 2, 1839 – October 29, 1897) was an American political economist and journalist.

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Henryk Grossman

Henryk Grossman (alternative spelling: Henryk Grossmann; 14 April 1881 – 24 November 1950) was an economist, historian, and revolutionary from Galicia.

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Heterodox economics

Heterodoxy is a term that may be used in contrast with orthodoxy in schools of economic thought or methodologies, that may be beyond neoclassical economics.

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Hyman Minsky

Hyman Philip Minsky (September 23, 1919 – October 24, 1996) was an American economist, a professor of economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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Information revolution

The term information revolution describes current economic, social and technological trends beyond the Industrial Revolution.

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Irving Fisher

Irving Fisher (February 27, 1867 – April 29, 1947) was an American economist, statistician, inventor, and Progressive social campaigner.

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Jean Charles Léonard de Sismondi

Jean Charles Léonard de Sismondi (also known as Jean Charles Leonard Simonde de Sismondi) (9 May 1773 – 25 June 1842), whose real name was Simonde, was a historian and political economist, who is best known for his works on French and Italian history, and his economic ideas.

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Johann Karl Rodbertus

Johann Karl Rodbertus (August 12, 1805, Greifswald, Swedish Pomerania – December 6, 1875, Jagetzow), also known as Karl Rodbertus-Jagetzow, was a German economist and socialist of the scientific or conservative school from Greifswald.

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Joseph Kitchin

Joseph Kitchin (1861–1932) was a British businessman and statistician.

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Joseph Schumpeter

Joseph Alois Schumpeter (8 February 1883 – 8 January 1950) was an Austrian political economist.

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Juglar cycle

The Juglar cycle is a fixed investment cycle of 7 to 11 years identified in 1862 by Clément Juglar.

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Karl Marx

Karl MarxThe name "Karl Heinrich Marx", used in various lexicons, is based on an error.

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Keynesian economics

Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).

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Keynesian Revolution

The Keynesian Revolution was a fundamental reworking of economic theory concerning the factors determining employment levels in the overall economy.

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Kitchin cycle

Kitchin cycle is a short business cycle of about 40 months discovered in the 1920s by Joseph Kitchin.

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Kondratiev wave

In economics, Kondratiev waves (also called supercycles, great surges, long waves, K-waves or the long economic cycle) are hypothesized cycle-like phenomena in the modern world economy.

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Korotayev

Korotayev or Korotaev (Коротаев) is a Russian masculine surname, its feminine counterpart is Korotayeva or Korotaeva.

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Kuznets swing

The Kuznets swing (or Kuznets cycle) is a claimed medium-range economic wave with a period of 15–25 years identified in 1930 by Simon Kuznets.

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Laissez-faire

Laissez-faire (from) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.

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Land (economics)

In economics, land comprises all naturally occurring resources as well as geographic land.

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Land value tax

A land/location value tax (LVT), also called a site valuation tax, split rate tax, or site-value rating, is an ad valorem levy on the unimproved value of land.

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List of commodity booms

This is a list of economic booms created by commodities.

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List of recessions in the United States

There have been as many as 47 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, the consensus view among economists and historians is that "The cyclical volatility of GNP and unemployment was greater before the Great Depression than it has been since the end of World War II." Cycles in the country's agricultural production, industrial production, consumption, business investment, and the health of the banking industry contribute to these declines.

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Long Depression

The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through the spring of 1879, or 1896, depending on the metrics used.

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Macroeconomics

Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

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Mainstream economics

Mainstream economics may be used to describe the body of knowledge, theories, and models of economics, as taught across universities, that are generally accepted by economists as a basis for discussion.

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Malinvestment

In Austrian business cycle theory, malinvestments are badly allocated business investments, due to artificially low cost of credit and an unsustainable increase in money supply.

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Market economy

A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

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Market trend

A market trend is a perceived tendency of financial markets to move in a particular direction over time.

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Marxian economics

Marxian economics, or the Marxian school of economics, refers to a school of economic thought tracing its foundations to the critique of classical political economy first expounded upon by Karl Marx and Friedrich Engels.

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Michał Kalecki

Michał Kalecki (22 June 1899 – 18 April 1970) was a Polish economist.

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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

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Misnomer

A misnomer is a name or term that suggests an idea that is known to be wrong.

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Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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Napoleonic Wars

The Napoleonic Wars (1803–1815) were a series of major conflicts pitting the French Empire and its allies, led by Napoleon I, against a fluctuating array of European powers formed into various coalitions, financed and usually led by the United Kingdom.

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National Bureau of Economic Research

The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end dates for recessions in the United States.

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Neoclassical economics

Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

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New classical macroeconomics

New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical framework.

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Nikolai Kondratiev

Nikolai Dmitriyevich Kondratiev (in some sources also referred as Kondratieff; Russian: Никола́й Дми́триевич Кондра́тьев; 4 March 1892 – 17 September 1938) was a Russian economist, who was a proponent of the New Economic Policy (NEP), which promoted small private, free market enterprises in the Soviet Union.

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OECD

The Organisation for Economic Co-operation and Development (OECD; Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress and world trade.

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Overproduction

In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market.

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Panic of 1825

The Panic of 1825 was a stock market crash that started in the Bank of England, arising in part out of speculative investments in Latin America, including the imaginary country of Poyais.

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Panic of 1873

The Panic of 1873 was a financial crisis that triggered a depression in Europe and North America that lasted from 1873 until 1879, and even longer in some countries (France and Britain).

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Paradox of thrift

The paradox of thrift (or paradox of saving) is a paradox of economics.

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Paul Mattick

Paul Mattick, Sr. (March 13, 1904 – February 7, 1981) was a Marxist political writer and social revolutionary, whose thought can be placed within the council communist and left communist traditions.

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Paul Samuelson

Paul Anthony Samuelson (15 May 1915 – 13 December 2009) was an American economist and the first American to win the Nobel Memorial Prize in Economic Sciences.

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Phillips curve

The Phillips curve is a single-equation empirical model, named after William Phillips, describing a historical inverse relationship between rates of unemployment and corresponding rates of rises in wages that result within an economy.

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Planned economy

A planned economy is a type of economic system where investment and the allocation of capital goods take place according to economy-wide economic and production plans.

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Post-Keynesian economics

Post-Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, with subsequent development influenced to a large degree by Michał Kalecki, Joan Robinson, Nicholas Kaldor, Sidney Weintraub, Paul Davidson, Piero Sraffa and Jan Kregel.

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Post-Napoleonic depression

The post-Napoleonic depression was an economic depression in Europe after the end of the Napoleonic wars.

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Post–World War II economic expansion

The post–World War II economic expansion, also known as the postwar economic boom, the long boom, and the Golden Age of Capitalism, was a period of strong economic growth beginning after World War II and ending with the 1973–75 recession.

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Productivity improving technologies

This article is about the important technologies that have historically increased productivity and is intended to serve as the History section of Productivity from which it was moved.

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Progress and Poverty

Progress and Poverty: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth: The Remedy is an 1879 book by social theorist and economist Henry George.

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Raymond Vernon

Raymond Vernon (September 1, 1913 – August 26, 1999) was an American economist.

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Real business-cycle theory

Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations to a large extent can be accounted for by real (in contrast to nominal) shocks.

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Recession

In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity.

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Recession of 1969–70

The Recession of 1969–1970 was a relatively mild recession in the United States.

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Repurchase agreement

A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a transaction concluded on a deal date tD between two parties A and B: If positive interest rates are assumed, the repurchase price PF can be expected to be greater than the original sale price PN.

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Richard M. Goodwin

Richard M. Goodwin (February 24, 1913 – August 13, 1996) was an American mathematician and economist.

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Robert Lucas Jr.

Robert Emerson Lucas Jr. (born September 15, 1937) is an American economist at the University of Chicago.

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Robert Owen

Robert Owen (14 May 1771 – 17 November 1858) was a Welsh textile manufacturer, philanthropic social reformer, and one of the founders of utopian socialism and the cooperative movement.

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Rosa Luxemburg

Rosa Luxemburg (Róża Luksemburg; also Rozalia Luxenburg; 5 March 1871 – 15 January 1919) was a Polish Marxist theorist, philosopher, economist, anti-war activist, and revolutionary socialist who became a naturalized German citizen at the age of 28.

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Saltwater and freshwater economics

In economics, the freshwater school (or sometimes sweetwater school) comprises US-based macroeconomists who, in the early 1970s, challenged the prevailing consensus in macroeconomics research.

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Say's law

In classical economics, Say's law, or the law of markets, states that aggregate production necessarily creates an equal quantity of aggregate demand.

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Schools of economic thought

In the history of economic thought, a school of economic thought is a group of economic thinkers who share or shared a common perspective on the way economies work.

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Shadow banking system

The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal banking regulations.

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Simon Kuznets

Simon Smith Kuznets (p; April 30, 1901 – July 8, 1985) was a Russo-American economist and statistician who received the 1971 Nobel Memorial Prize in Economic Sciences "for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development." Kuznets made a decisive contribution to the transformation of economics into an empirical science and to the formation of quantitative economic history.

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Skyscraper Index

The Skyscraper Index is a whimsical concept put forward by Andrew Lawrence, a property analyst at Dresdner Kleinwort Wasserstein, in January 1999, which showed that the world's tallest buildings have risen on the eve of economic downturns.

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Socialism

Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production as well as the political theories and movements associated with them.

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Soviet Union

The Soviet Union, officially the Union of Soviet Socialist Republics (USSR) was a socialist state in Eurasia that existed from 1922 to 1991.

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Speculation

Speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable at a future date.

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Stabilization policy

A stabilization policy is a package or set of measures introduced to stabilize a financial system or economy.

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Stagflation

In economics, stagflation, a portmanteau of stagnation and inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

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Steve Keen

Steve Keen (born 28 March 1953) is an Australian economist and author.

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Supply creates its own demand

"Supply creates its own demand" is the formulation of Say's law.

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Technological paradigm

A concept of technological paradigm, as explained by Hemanth Tambde combines a set of interrelated and pervasive radical innovations.

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Tendency of the rate of profit to fall

The tendency of the rate of profit to fall (TRPF) is a hypothesis in economics and political economy, most famously expounded by Karl Marx in chapter 13 of Capital, Volume III.

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The Conference Board

The Conference Board, Inc. is a 501(c)(3) non-profit business membership and research group organization.

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The New Palgrave Dictionary of Economics

The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan.

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The Review of Economics and Statistics

The Review of Economics and Statistics is a peer-reviewed academic journal covering applied quantitative economics.

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Theories of Surplus Value

Theories of Surplus Value (Theorien über den Mehrwert) is a draft manuscript written by Karl Marx between January 1862 and July 1863.

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Thomas Woods

Thomas Ernest Woods Jr. (born August 1, 1972) is an American historian, political commentator, author, and podcaster.

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Underconsumption

In underconsumption theory in economics, recessions and stagnation arise due to inadequate consumer demand relative to the amount produced.

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Unemployment

Unemployment is the situation of actively looking for employment but not being currently employed.

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Value (economics)

Economic value is a measure of the benefit provided by a good or service to an economic agent.

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Wall Street Crash of 1929

The Wall Street Crash of 1929, also known as Black Tuesday (October 29), the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929 ("Black Thursday"), and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its after effects.

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Welfare cost of business cycles

In macroeconomics, the cost of business cycles is the decrease in social welfare, if any, caused by business cycle fluctuations.

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Wesley Clair Mitchell

Wesley Clair Mitchell (August 5, 1874 – October 29, 1948) was an American economist known for his empirical work on business cycles and for guiding the National Bureau of Economic Research in its first decades.

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William Nordhaus

William Dawbney "Bill" Nordhaus (born May 31, 1941) is an economist and Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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World-systems theory

World-systems theory (also known as world-systems analysis or the world-systems perspective)Immanuel Wallerstein, (2004), "World-systems Analysis." In World System History, ed.

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Yield curve

In finance, the yield curve is a curve showing several yields or interest rates across different contract lengths (2 month, 2 year, 20 year, etc....) for a similar debt contract.

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1973–75 recession

The 1973–75 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall Post–World War II economic expansion.

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Boom and bust, Boom-and-bust, Boom-bust cycle, Boom-bust cycles, Boom/bust cycle, Business Cycle, Business Cycles, Business cycle frequency, Business cycles, Business fluctuation, Business fluctuations, Business-cycle, Businesses cycles, Conjunctural, Conjuncture, Conjunctures, Domino economics, Economic boom, Economic conjuncture, Economic cycle, Economic cycles, Economic fluctuation, Economic fluctuations, Economical conjuncture, Geopolitical conjuncture, Global conjuncture, Historical conjuncture, International conjuncture, Macroeconomic cycle, Political conjuncture, Recession cycle, Social conjuncture, Sociopolitical conjuncture, The business cycle, Trade cycle.

References

[1] https://en.wikipedia.org/wiki/Business_cycle

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