THE ACCELERATOR PRINCIPLE AT THE CORE OF FRISCH’S 1933 ROCKING HORSE MODEL

Autor:	Ariane Dupont-Kieffer
Rok vydání:	2012
Předmět:	Rest (physics) Core (game theory) Appropriation History and Philosophy of Science General Arts and Humanities Accelerator effect Institutionalism Business cycle Economics Capital good Neoclassical economics Investment (macroeconomics) General Economics Econometrics and Finance
Zdroj:	Journal of the History of Economic Thought. 34:447-473
ISSN:	1469-9656 1053-8372
DOI:	10.1017/s1053837212000478
Popis:	This paper aims to detail Frisch’s choice of setting the accelerator principle at the core of his impulse-propagation model (1933a), referred to as the “rocking horse model.” The innovative aspects of this model rest not only on the rise of macrodynamics regarding the equilibrium concept but also on the reformulation of business cycles in terms of production of capital goods. This is a deliberate choice, which relies on his work on business cycles started in 1927, and can be obviously traced back to his debate with John Maurice Clark and the American Institutionalists, but relies more deeply on a specific appropriation of Norwegian approach to this principle.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::b35e231f0b523e9125e16fa59a727815 https://doi.org/10.1017/s1053837212000478 Zobrazit plný text záznamu