English, Article edition: George, Wicksell and Gaffney: a three-factor model of the boom and bust cycle Mary M. Cleveland

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Physical Description
  • article
Language
  • English

Edition details

Title
  • George, Wicksell and Gaffney: a three-factor model of the boom and bust cycle
Author
  • Mary M. Cleveland
Physical Description
  • article
Notes
  • Purpose – The purpose of this paper is to compare and contrast three-factor models of boom and bust from Henry George, Knut Wicksell and Mason Gaffney. Design/​methodology/​approach – The approach takes the form of an analysis and discussion and mathematical appendix. Findings – It was found that gaffney modifies and incorporates features of both George and Wicksell into his own model. Practical implications – The works of George, Wicksell and Gaffney are highly relevant, especially given the current economic crisis. Originality/​value – The paper should be useful both to historians of economic thought and contemporary economists. It brings together ideas that have been neglected in recent years, and contributes to the understanding of economic crises.
  • Economic booms, Economic cycles, Economic history, Economic theory, Interest rates
  • RePEc:eme:ijsepp:v:36:y:2009:i:4:p:412-427
Language
  • English
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