10. The Process of Expansion and Contraction

CHAPTER 10 THE PROCESS OF EXPANSION AND CONTRACTION

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11. The Turning-Points. Crisis and Revival

CHAPTER 11 THE TURNING-POINTS. CRISIS AND REVIVAL

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12. International Aspects of Business Cycles

CHAPTER 12 INTERNATIONAL ASPECTS OF BUSINESS CYCLES

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Part III. Further Reflections on Recent Developments in Trade Cycle Theory

Part III

FURTHER REFLECTIONS ON RECENT DEVELOPMENTS IN TRADE CYCLE THEORY

13. The Multiplier, Institutional Rigidities and Public Spending

CHAPTER 13 THE MULTIPLIER, INSTITUTIONAL RIGIDITIES AND PUBLIC SPENDING

§ 1.    FURTHER OBSERVATIONS ON THE THEORY OF THE MULTIPLIER

In Chapter 8, § 4, the basic ideas of the multiplier have been discussed.

Appendix I

Appendix I DESCRIPTION OF THE INDICES ILLUSTRATING CYCLICAL MOVEMENT IN VARIOUS COUNTRIES1

The “reference cycle curve” gives for each country for the years 1880 or 1890 to 1931 a diagrammatic picture of the general fluctuations in business activity as described by W. L.

Appendix II

Appendix II DESCRIPTION OF CURVES ON PRODUCTION AND EMPLOYMENT BY GROUPS OF INDUSTRIES1

UNITED STATES OF AMERICA

Industrial Production.

Indices of production in investment goods industries and in consumers’ goods industries.

Name Index to Parts I and II

NAME INDEX TO PARTS I AND II

Adams, A. B., 137n, 140n.

Adarkar, B. P., 37n.

Aftalion, A., 32, 87, 103, 134, 135.

Amonn, A., 129n, 239n.

Angeli, J. W., 303n.

Balogh, Th., 422n, 433n.

Bean, L. H., 165.

Beveridge, Sir William, 111.

Bickerdike, P., 32, 87.

Bissel, R. M., 300n.

Böhm-Bawerk, E., 195.

Bouniatian, M., 87.

Subject Index to Parts I and II

SUBJECT INDEX TO PARTS I AND II

Acceleration principle, applications of, 51n, 87n, 96n, 112, 134, 304–11, 340–4, 365–7.

——— qualifications in, 96, 101, 308.

——— statement of, 32, 85–105.

Agricultural fluctuations, influence of:

——— on farmers’ purchasing power, 160–1.

——— on industries using agricultural raw materials, 158–9.

——— on industry and trade, 154–64.

——— on investment, 161.

Name and Subject Index to Part III

NAME AND SUBJECT INDEX TO PART III

Acceleration principle and multiplier, combination of, See Multiplier.

Andrews, P. W. S., and interest rates, 489n, 498n.

Balance of payments, See Foreign trade multiplier.

Bissel, R. M., and employment, 496a.

Böhm-Bawerk, and investment, 500n.

Clark, C, and foreign trade multiplier, 461n, 462, 465, 467n, 468–70.

——— and multiplier, 455–6.

Clark, J. M., and multiplier, 456, 458n.

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