Charles Dunoyer and the Emergence of the Idea of an Economic Cycle
Bibliographic Data
| ID | 3135396 |
|---|---|
| Authors | Rabah Benkemoune (corresponding author) |
| Year | 2009 |
| Volume | 41 |
| Issue | 2 |
| Pages | 271-295 |
| Publication date | 2009-06-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | History of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0018-2702 • E-ISSN: 1527-1919 |
| Publisher | Duke University Press (PUBLISHER • US) |
| DOI | 10.1215/00182702-2009-003 |
| OpenAlex | W2102587212 |
| Language | EN |
| Citations received | 4 |
| References cited | 7 |
This article shows that Charles Dunoyer sought to reinterpret Sismondi's theory of crises in a manner that would render it compatible with Say's political economy. While Sismondi considered that crises of overproduction proved the dysfunctionality of an economy founded upon free competition and called for legislative intervention, Dunoyer drew the conclusion that such economies were naturally subject to alternating periods of "activity" and "relapse." Using the innovative idea of the cycle, Dunoyer incorporated Sismondi's theory into the Sayardian conception of political economy in which men have to adapt their behaviour to the nature of things, or suffer the consequences
Business cycle · Competition (biology · Economics · Economy · Intervention (counseling · Keynesian economics · Legislature · Neoclassical economics · Political economy · Political science · Politics · Positive economics · Subject (documents · Economic Theory and Institutions · Economic Theory and Policy · Law · Political Economy and Marxism · Psychology
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Performing property cycles
| Citations per year | 0.4 |
|---|---|
| Citation span | 2016 - 2023 (8) |
| Highly cited | No |