A contribution to the theory of the trade cycle /
Hicks, John R.
A contribution to the theory of the trade cycle / - Oxford : Clarendon Press, c1950. - vii, 201 p. :ill,
Includes index.
This book presents an economic model that shows a cyclical movement in output. Consumption in each period is a function of the level of income in some earlier period (or periods). Investment consists of autonomous investment, which is independent of output, and of induced investment, which is a function of the increase in output in some earlier period (or periods).
Business cycles.
HB3711 / .H48
338.54 / HIC
A contribution to the theory of the trade cycle / - Oxford : Clarendon Press, c1950. - vii, 201 p. :ill,
Includes index.
This book presents an economic model that shows a cyclical movement in output. Consumption in each period is a function of the level of income in some earlier period (or periods). Investment consists of autonomous investment, which is independent of output, and of induced investment, which is a function of the increase in output in some earlier period (or periods).
Business cycles.
HB3711 / .H48
338.54 / HIC