|Generate QR code
Open Access
Subscription Access
Integrating economic cycles theory with equilibrium theory (the second half of the 1920s and 1930s) and N. D. Kondratiev’s project of economic dynamics
https://doi.org/10.32609/0042-8736-2014-1-22-39
Abstract
The article considers the ways to overcome the methodological gap between the analysis of economic cycles and the pure economic theory as suggested by the Western economists in the 1920s and 1930s. In this context, N. D. Kondratiev’s project of economic dynamics is analyzed, which implied a radically different vision of the opportunities to solve this problem.
About the Author
N. Makasheva
National Research University Higher School of Economics; Institute of Scientific Information for Social Sciences, Russian Academy of Sciences (Moscow, Russia)
Russian Federation
Russian Federation
References
1. Gorbunova N. I. (2002). The Prisoner of the Suzdal Jail // Legacy of N. D. Kondratiev in the Context of the Development of Russian and International Socio-Economic Thought. Moscow: MFK.
2. Davydov Yu. N. (1991) N. D. Kondratiev and Probabilistic and Statistical Philosophy of the Social ¬Sciences // Kondratiev N. D. The Main Problems of Economic Statics and ¬Dynamics. Moscow: Nauka.
3. Kondratiev N. D. (1989). The Problems of Economic Dynamics. Moscow: Ekonomika.
4. Kondratiev N. D. (1991). The Main Problems of Economic Statics and Dynamics. Moscow: Nauka.
5. Kondratiev N. D. (1989 [1924]). On the Question of the Concepts of Economic Statics, Dynamics, and Conjuncture // The Problems of Economic Dynamics. Moscow: Ekonomika.
6. Kondratiev N. D. (2004). Suzdal Letters. Moscow: Ekonomika.
7. Kondratiev N. D. (1989 [1928]). Long Cycles of Conjuncture // Kondratiev N. D. The Problems of Economic Dynamics. Moscow: Ekonomika.
8. Slutsky E. E. (1927). The Summation of Random Causes as a Source of Cyclical Processes // Voprosy Konjunktury. Vol. 3, No 1. P. 34—64.
9. Harrod R. (1997 [1948]). Towards a Dynamic Economics // Classics of Keynesianism. In 2 vols. Vol. 1. Moscow: Ekonomika.
10. Hayek F. A. von (2000 [1946]) The Meaning of Competition // Individualism and Economic Order. Moscow: Izograf.
11. Barnett V. (1998). Kondratiev and the Dynamics of Economic Development. N. Y.: St. Martin’s Press.
12. Ezekiel M. (1930). Moore’s Synthetic Economics // Quarterly Journal of Economics. Vol. 44, No 4. P. 663—679.
13. Fisher I. (1932). Booms and Depressions. N. Y.: Adelphi Company.
14. Frisch R. (1936). On Notion of Equilibrium and Disequilibrium // Review of Economic Studies. Vol. 3, No 2. P. 100—105.
15. Hawtrey R. (1913). Good and Bad Trade. L.: Constable. Hayek F. (1933) Monetary Theory and the Trade Cycle. L.: Jonathan Cape.
16. Homan P.T. (1928) Contemporary Economic Thought. N. Y.: Harper&Brothers Knight F. (1930). Statik und Dynamik // Zeitschrift für Nationalökonomie. Bd. 2. S. 1—26.
17. Knight F. (1964). Preface to the Re-Issue // Knight F. Risk, Uncertainty, and Profit. N. Y.: Augustus M. Kelley.
18. Kuznets S. (1930a) Equilibrium Economics and Business Cycle Theory // Quarterly Journal of Economics. Vol. 44, No 3. P. 381—415.
19. Kuznets S. (1930b) Static and Dynamic Economics // American Economic Review. Vol. 20, No 3. P. 426—441.
20. Mitchell W. (1913). Business Cycles. Berkeley: University of California Press.
21. Mitchell W. (1927). Business Cycles: The Problem and its Setting. N. Y.: NBER.
22. Moore H. (1914). Economic Cycles: Their Law and Cause. N. Y.: MacMillan.
23. Moore H. (1929). Synthetic Economics. N. Y.: MacMillan.
24. Northrop F. S. C. (1941). The Impossibility of a Theoretical Science of Economic Dynamics // Quarterly Journal of Economics. Vol. 56, No 1. P. 1—17.
25. Robbins L. (1935). An Essay on the Nature and Significance of Economic Science. 2nd ed. L: Macmillan.
26. Rosenstein-Rodan P. N. (1934). The Role of Time in Economic Theory // Economica. 1934. Vol. 1, No 1. P. 77—97.
27. Schackle G. L. S. (1967). The Years of High Theory: Invention and Tradition in Economic Thought 1926—1939. Cambridge: Cambridge University Press.
28. Schumpeter J. (1913). Theorie der wirschaftlichen Entwicklung.
29. Шумпетер Й. (1982). Теория экономического развития. М.: Прогресс.
30. Schumpeter J. (1930). Mitchell’s Business Cycles // Quarterly Journal of Economics. Vol. 45, No 1. P. 150—172.
31. Snowdon B., Vane H., Wynarczyk P. (1994). A Modern Guide to Macroeconomics. Cheltenham (UK); Northampton (MA): Edward Elgar.
Review
For citations:
Makasheva N. Integrating economic cycles theory with equilibrium theory (the second half of the 1920s and 1930s) and N. D. Kondratiev’s project of economic dynamics. Voprosy Ekonomiki. 2014;(1):22-39. (In Russ.) https://doi.org/10.32609/0042-8736-2014-1-22-39
Views:
705
Email this article 
