Robert Aaron Gordon Quote

Business-cycle theorists concerned themselves with why the economy naturally generated fluctuations in employment and output, [while the rest of the profession] continued to operate on the assumption that full employment was the natural, equilibrium position for the economy.


p. 340; as cited in: Thomas Cate (2013), An Encyclopedia of Keynesian Economics, Second edition. p. 347 - Business Fluctuations (1952)

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Business-cycle theorists concerned themselves with why the economy naturally generated fluctuations in employment and output, [while the rest of the...

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Business-cycle theorists concerned themselves with why the economy naturally generated fluctuations in employment and output, [while the rest of the...

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Business-cycle theorists concerned themselves with why the economy naturally generated fluctuations in employment and output, [while the rest of the...

Picture Quote 4

Business-cycle theorists concerned themselves with why the economy naturally generated fluctuations in employment and output, [while the rest of the...