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The Nature of the Industrial Fluctuation and the Robertsonian Methodological Approach

  • John R. Presley

Abstract

As a further prerequisite to the study of Robertsonian theory, it is essential to enquire more deeply into the nature of the industrial fluctuation which Robertson sought to explain, and to examine the manner in which he set about explaining it.

Keywords

Trade Cycle Economic Welfare Real Income Good Industry Trade Cycle Theory 
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The Nature of the Industrial Fluctuation and the Robertsonian Methodological Approach

  1. 6.
    DHR, Review of Les Crises Periodiques de Surproduction, EJ, (March 1914) pp. 81–89.Google Scholar
  2. 10.
    A. C. Pigou, Wealth and Welfare, (1912). DHR had also in 1913 complimented A. Aftalion for his discussion of fluctuations in production, (EJ, March 1914, p. 85).Google Scholar
  3. 11.
    DHR, UAT, p. 193 taken from W. Rostow, British Economy of the Nineteenth Century, (Oxford: Clarendon Press, 1948) p. 31.Google Scholar
  4. 37.
    DHR, Review of Good and Bad Trade, Cambridge Review, (November 27th 1913) p. 163. In this respect DHRs theory is somewhat similar to the later theory of F. A. von Hayek (see chap. 9 ‘Natural and Market Rates of Interest’).Google Scholar

Copyright information

© John R. Presley 1978

Authors and Affiliations

  • John R. Presley

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