What is business cycle theory?

Some articles on theory, business cycle theory, business cycles, business:

History Of Economic Thought - Contemporary Economic Thought - Macroeconomics Since The Bretton Woods Era
... formed the starting point for a number of trends in macroeconomic theory opposed to the idea that government intervention can or should stabilise the economy ... Robert Lucas criticized Keynesian thought for its inconsistency with microeconomic theory ... The standard model for new classical economics is the real business cycle theory, which sought to explain observed fluctuations in output and employment in terms of real variables such as changes in ...
Austrian Business Cycle Theory
... The Austrian business cycle theory (or ABCT) is an economic theory held by the Austrian School of economics concerning how business cycles occur ... The theory views business cycles as the inevitable consequence of excessive growth in bank credit, exacerbated by inherently damaging and ineffective central bank policies, which cause interest rates to ... The Austrian business cycle theory originated in the work of Austrian School economists Ludwig von Mises and Friedrich Hayek ...
Austrian Business Cycle Theory - Criticisms - Theoretical Objections
... Some economists argue that the Austrian business cycle theory requires bankers and investors to exhibit a kind of irrationality, because their theory requires bankers to be regularly fooled into making ... Thomas Woods argues that few bankers and investors are familiar enough with the Austrian business cycle theory to consistently make sound investment decisions ... because the consequence of a single entity deviating would be a loss of business ...
Business Cycle Theory - Countercyclical
... For example, this could be a business, or a financial instrument whose value is derived from a business, that sells an inferior good ...

Famous quotes containing the words theory, business and/or cycle:

    The theory [before the twentieth century] ... was that all the jobs in the world belonged by right to men, and that only men were by nature entitled to wages. If a woman earned money, outside domestic service, it was because some misfortune had deprived her of masculine protection.
    Rheta Childe Dorr (1866–1948)

    My dear Mr. District Attorney, your law is shockingly bad. I have the perfect alibi. I am legally dead. Your business is with the living.
    Karl Brown (1897–1990)

    The lifelong process of caregiving, is the ultimate link between caregivers of all ages. You and I are not just in a phase we will outgrow. This is life—birth, death, and everything in between.... The care continuum is the cycle of life turning full circle in each of our lives. And what we learn when we spoon-feed our babies will echo in our ears as we feed our parents. The point is not to be done. The point is to be ready to do again.
    Paula C. Lowe (20th century)