ECONOMIC THEORY IN THE FACE OF THE BUSINESS CYCLE
ECONOMIC THEORY IN THE FACE OF THE BUSINESS CYCLE

Summary/Abstract: The article contains, in chronological order, the most important attempts in the history of economics as a science so far to define the business cycle, together with comprehensive descriptions of its mechanism. A hypothesis is formulated on the nature of the relationship between the business cycle and processes of sustainable economic growth. Additionally, controversies relating to the periodicity of the cycle as its principal property have been dealt with.

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