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SOME INTERNATIONAL ASPECTS OF BUSINESS CYCLES: NEISSER, HABERLER, AND MODERN OPEN ECONOMY MACROECONOMICS

Published online by Cambridge University Press:  19 December 2016

Hans-Michael Trautwein
Hans-Michael Trautwein*
Affiliation:
ZenTra—Center for Transnational Studies, Carl von Ossietzky University of Oldenburg, D-26111 Oldenburg (Germany). michael.trautwein@uol.de.
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Abstract

Despite the transnational character of the Great Depression, there are few works in the interwar literature that deal with the propagation of business cycles across national borders and systemic risks of depression in the world economy. Two notable exceptions are Hans Neisser’s Some International Aspects of the Business Cycle (1936) and chapter 12 in Gottfried Haberler’s Prosperity and Depression ([1937] 1964), which carries the heading “International Aspects of Business Cycles.” Both works differ substantially from each other and from the modern way of thinking about international business cycles in open economy macroeconomics. Haberler’s and Neisser’s approaches help to identify relevant issues that have been lost from sight in modern open economy macroeconomics.

Type
Articles
Information
Journal of the History of Economic Thought , Volume 39 , Special Issue 1: Special Issue: Business Cycles and Economic Growth , March 2017 , pp. 47 - 67
Copyright
Copyright © The History of Economics Society 2016 

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References

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