Business Cycles

Theories and Numerical Simulation

by Nobuo Okishio (Volume editor) Michael Krüger (Volume editor)
Monographs XIV, 228 Pages
Series: Dynamische Wirtschaftstheorie, Volume 12


The purposes of this book are as follows: 1) The occurrence of business cycle is closely connected with the essential features of a capitalist economy. The first aim of this book is to clarify this relationship. 2) To recount the history of business cycle in Japan and some other leading capitalist economies during the post war period. 3) To survey a variety of business cycle theories in both the Marxian and Orthodox economic traditions. 4) To construct a simple mathematical model and demonstrate the relationships between economic variables. We hope this helps readers to understand better the mechanisms of the business cycle. 5) To conduct a computer simulation of the model described above. Computer simulation is a powerful method both for examining the logical consistency of a theoretical model and exploring its conclusions.


XIV, 228
ISBN (Softcover)
Frankfurt/M., Berlin, Bern, New York, Paris, Wien, 1992. XIV, 228 pp., 31 fig. b/w, 7 tables.

Biographical notes

Nobuo Okishio (Volume editor) Michael Krüger (Volume editor)

The Editor: Nobuo Okishio is an Emeritus Professor of Faculty of Economics, Kobe University. He is the author of the books, On Accumulation, Marxian Economics, Contemporary Economics I, II (in Japanese).


Title: Business Cycles