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Anticipations, Business Planning, and the Cycle

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  • Albert Gailord Hart

Abstract

I. Business plans based on anticipations, 273.— II. The optimum plan under subjective certainty, 277; its revision when anticipations change, 281; generalisation for monopolistic competition, 283. — III. Uncertainty leads to flexibility in planning, 285; capital-market uncertainty leads to "liquidity," 290. — IV. Breakdown of anticipations helps explain business cycles, 291.

Suggested Citation

  • Albert Gailord Hart, 1937. "Anticipations, Business Planning, and the Cycle," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 51(2), pages 273-297.
    • Handle: RePEc:oup:qjecon:v:51:y:1937:i:2:p:273-297.
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    Cited by:

    1. Marion Gaspard & Antoine Missemer, 2019. "An inquiry into the Ramsey-Hotelling connection," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 26(2), pages 352-379, March.
    2. Czinkota, Michael R. & Knight, Gary A. & Liesch, Peter W. & Steen, John, 2005. "Positioning terrorism in management and marketing: Research propositions," Journal of International Management, Elsevier, vol. 11(4), pages 581-604, December.
    3. Golden, William & Powell, Philip, 2000. "Towards a definition of flexibility: in search of the Holy Grail?," Omega, Elsevier, vol. 28(4), pages 373-384, August.
    4. Pedro Garcia Duarte, 2013. "A Path Through the Wilderness: Time Discounting in Growth Models," Working Papers, Department of Economics 2013_18, University of São Paulo (FEA-USP).

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