Abstract
Let us ask what economic function, if any, was performed by this continuing series of violent oscillations of the economic system of the nineteenth century. One might think (and many people, then and now, do think) that it should be much better to have a smoother-running system, not subject to such dreadful cataclysms every nine or ten years.
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© 1988 Springer-Verlag Berlin Heidelberg
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Boyd, I., Blatt, J.M. (1988). Some General Remarks. In: Investment Confidence and Business Cycles. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-73118-1_9
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DOI: https://doi.org/10.1007/978-3-642-73118-1_9
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-73120-4
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