Abstract
In this chapter the skeleton of the Robertsonian theory of fluctuation is examined. Subsequent chapters will concentrate more fully upon important aspects of this theory, and trace the origins and influences upon it, putting the flesh upon the bones.
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Notes
DHR, ‘Some Material for a Study of Trade Fluctuations’, Journal of the Royal Statistical Society, (January 1914) pp. 159–173.
See, for example, T. Wilson, ‘Robertson and Effective Demand and the Trade Cycle’, EJ, Vol. 63, (September 1953) pp. 553–78.
Cf. K. Wicksell, Lectures on Political Economy, Vol. II, (London: Routledge & Kegan Paul, 1935) p. 209, and G. Cassel, op cit., Ch. XIX, p. 80. See also DHR, BPPL, p. 2.
DHR believed that crises would result irrespective of the kind of government, ‘good or bad, left or right’ — even if business confidence were to be inspired more by one kind of government than another. See DHR, ‘Is Another Slump Coming’, The Listener, (July 28th) 1937.
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© 1978 John R. Presley
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Presley, J.R. (1978). The Robertsonian Theory of Industrial Fluctuation — An Outline. In: Robertsonian Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03239-6_4
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DOI: https://doi.org/10.1007/978-1-349-03239-6_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-03241-9
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