JavaScript is disabled for your browser. Some features of this site may not work without it.
    View Item 
    •   OpenBU
    • Theses & Dissertations
    • Dissertations and Theses (pre-1964)
    • View Item
    •   OpenBU
    • Theses & Dissertations
    • Dissertations and Theses (pre-1964)
    • View Item

    Selected underconsumption theories and the business cycle.

    Thumbnail
    Download/View
    Puma_John_1952...pdf (6.221Mb)
    Date Issued
    1952
    Author
    Puma, John J
    Share to FacebookShare to TwitterShare by Email
    Export Citation
    Download to BibTex
    Download to EndNote/RefMan (RIS)
    Metadata
    Show full item record
    Permanent Link
    https://hdl.handle.net/2144/13265
    Abstract
    An attempt has been made in this thesis to indicate that the underlying issues of the underconsumption analysis are essentially correct, that these selected underconsumption theories are characterized by the feeling that investment outruns consumption in the existing system. The manner by which to overcome this situation is to stimulate consumption by either increasing the share of income as proposed by the distribution school, or by means of monetary manipulation as advanced by the monetary school. This paper also points out that the modern underconsumption writers anticipated the tools now used in a modern business cycle approach. They did not have them; they approached them and, therefore, were on the right track. This particular business cycle approach as accepted by A. Hansen, J. Hicks, and R. Harrod integrates many theories of the business cycle into one by the use of three tools - the marginal efficiency schedule in relation to the rate of interest, the role of investment multiplier based upon the consumption function, and the principle of acceleration, i.e., the effect of change in income in respect to the rate of investment. This modern theory synthesizes the various and seemingly conflicting opinions of business cycle theorists; with one stroke it takes into consideration the role of money, the role of investment, and the role of consumption. [TRUNCATED]
    Description
    Thesis (M.A.)--Boston University
    Rights
    Based on investigation of the BU Libraries' staff, this work is free of known copyright restrictions.
    Collections
    • Dissertations and Theses (pre-1964) [12595]

    Contact Us | Send Feedback | Help
     

     

    Browse

    All of OpenBUCommunities & CollectionsIssue DateAuthorsTitlesSubjectsThis CollectionIssue DateAuthorsTitlesSubjects

    Deposit Materials

    LoginNon-BU Registration

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Contact Us | Send Feedback | Help