KLOTZ, BENJAMIN P. - In: Journal of Economic Studies 4 (1977) 2, pp. 103-119
Many scholars have noted that, since at least 1790, U.K. economic fluctuations have seemed to reach major peaks every 7–10 years. Keynes (1936, ch.18) used the elements of his theory to explain non‐periodic economic fluctuations. His explanation of periodic fluctuations, i.e. cycles, appears...