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Lutz and Equilibrium and Business cycles theory

Author

Listed:
  • Muriel Dal-Pont Legrand

    (CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

  • Harald Hagemann

Abstract

The incorporation of cyclical phenomenon into an equilibrium analytical framework has long been considered as a fundamental and controversial issue until Lucas in the earlier 1970s proposed an answer to this dilemma. Different authors have then questioned the (dis-)continuity one could observe between the interwar period and Lucas's program of research. In this debate, Lutz's analysis has been quite ignored. The purpose of this paper is to investigate Lutz's Konjunkturproblem in der Nationalökonomie (1932), an important contribution on the origins of modern equilibrium business-cycle theories.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Muriel Dal-Pont Legrand & Harald Hagemann, 2013. "Lutz and Equilibrium and Business cycles theory," Post-Print hal-01111486, HAL.
    • Handle: RePEc:hal:journl:hal-01111486
    as

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