The End of the Business Cycle
Bibliographic Data
| ID | 4452418 |
|---|---|
| Authors | Steven Weber (0000-0002-8164-7767, corresponding author) |
| Year | 1997 |
| Volume | 76 |
| Issue | 4 |
| Pages | 65 |
| Publication date | 1997-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Foreign Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0015-7120 • E-ISSN: 2327-7793 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/20048122 |
| OpenAlex | W2540799196 |
| Language | EN |
| Citations received | 9 |
of continuing and sometimes enormous fluctuations in economic activity. Business cycles?expansions and contractions across most sectors of an economy?have come to be taken as a fact of life. But modern economies operate differently than nineteenth-century and early twentieth-century industrial economies. Changes in technology, ideology, employment, and finance, along with the globalization of production and consumption, have reduced the volatility of economic activity in the industrialized world. For both empirical and theoretical reasons, in advanced industrial economies the waves of the business cycle may be becoming more like ripples. The dampening of the business cycle will change the global economy and undermine assumptions and arguments that political econo mists use to understand it. History counsels caution, Alan Greenspan warned the Senate banking committee in February 1997, about visions of such new eras' that, in the end, have proven to be a mirage. Greenspan is surely right to warn against too easily ac cepting that the present is fundamentally different from the past
Business cycle · Business history · Consumption (sociology) · Economic history · Economics · Economy · Globalization · Ideology · Keynesian economics · Market economy · Political economy · Political science · Politics · Sociology · Vision · Volatility (finance) · World economy · Finance · Global Financial Crisis and Policies · Law
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The Four Faces of Institutionalism
Ethnography in a virtual world
International Organizations and the Pursuit of Justice in the World Economy
Das Ende der „neuen Ökonomie“
The History of Proliferation Optimism
Japan's foreign policy under US unipolarity
The Modern State, Political Choice and An Open International Economy 1
Wheels Within Wheels
| Citations per year | 0.32 |
|---|---|
| Citation span | 1998 - 2015 (18) |
| Highly cited | No |