Clément Juglar
| Clément Juglar | |
|---|---|
 |
|
| Born | 15 October 1819 Paris, France |
| Died | 28 February 1905 (aged 85) Paris, France |
| Nationality | France |
| Occupation | Doctor, statistician |
| Known for | Idea of business cycles |
Clément Juglar (15 October 1819 – 28 February 1905) was a French doctor and statistician.
Contents |
Juglar Cycles [edit]
He was one of the first to develop an economic theory of business cycles.[1][2] He identified the 7-11 year fixed investment cycle that is now associated with his name. Within the Juglar cycle one can observe oscillations of investments into fixed capital and not just changes in the level of employment of the fixed capital (and respective changes in inventories), as is observed with respect to Kitchin cycles. The recent research employing spectral analysis has confirmed the presence of Juglar cycles in the world GDP dynamics up to the present time.[3]
Juglar's Impact [edit]
Juglar's publications led to other business cycle theories by later economists such as Joseph Schumpeter.
Publications of Clément Juglar [edit]
- "Des crises commerciales", 1856, in Annuaire de l'economie politique.
- Des Crises commerciales et leur retour periodique en France, en Angleterre, et aux Etats-Unis. Paris: Guillaumin, 1862.
- Du Change et de la liberte d'émission, 1868.
- Les Banques de depôt, d'escompte et d'émission, 1884.
See also [edit]
References [edit]
- ^ Des Crises commerciales et leur retour periodique en France, en Angleterre, et aux Etats-Unis. Paris: Guillaumin, 1862.
- ^ The New Encyclopaedia Britannica: Macropaedia 1998 "The first authority to explore economic cycles as periodically recurring phenomena was probably a French physician, Clément Juglar, in 1860."
- ^ See, e.g. Korotayev, Andrey V., & Tsirel, Sergey V.(2010). A Spectral Analysis of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and Kitchin Cycles in Global Economic Development, and the 2008–2009 Economic Crisis. Structure and Dynamics. Vol.4. #1. P.3-57.
External links [edit]
- Clement Juglar and the transition from crises theory to business cycle theories
- Works by Clément Juglar at Project Gutenberg
- Works by or about Clément Juglar in libraries (WorldCat catalog)
|
 |
This biography about a French economist is a stub. You can help Wikipedia by expanding it. |
