Clément Juglar
Clément Juglar | |
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| Born | 15 October 1819 Paris, France |
| Died | 28 February 1905(aged 85) Paris, France |
| Nationality | French |
| Occupation(s) | Doctor, statistician |
| Known for | Idea ofbusiness cycles |
Clément Juglar(15 October 1819 – 28 February 1905) was a French medical doctor and statistician.
Juglar cycles[edit]
He was one of the first to develop an economic theory ofbusiness cycles.[1][2]He identified thefixed investmentcycle of six to ten years that is now associated with his name. Within theJuglar cycleone can observe oscillations of investments intofixed capitaland not just changes in the level of employment of the fixed capital (and respective changes in inventories), as is observed with respect toKitchin cycles.
Juglar's impact[edit]
Juglar's publications led to other business cycle theories by later economists such asJoseph Schumpeter.
Publications of Clément Juglar[edit]
- "Des crises commerciales", 1856, inAnnuaire 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 Encyclopædia Britannica: Macropaedia 1998 "The first authority to explore economic cycles as periodically recurring phenomena was probably a French physician, Clément Juglar, in 1860."
External links[edit]
- Clement Juglar and the transition from crises theory to business cycle theories
- Works by Clément JuglaratProject Gutenberg
- Works by or about Clément JuglaratInternet Archive
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