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- Publisher
- Emerald Publishing
- Copyright
- Copyright © 2009 Emerald Group Publishing Limited. All rights reserved.
- ISSN
- 0306-8293
- DOI
- 10.1108/03068290910947949
- Publisher site
- See Article on Publisher Site
Abstract
Purpose – The purpose of this paper is to compare and contrast three‐factor models of boom and bust from Henry George, Knut Wicksell and Mason Gaffney. Design/methodology/approach – The approach takes the form of an analysis and discussion and mathematical appendix. Findings – It was found that gaffney modifies and incorporates features of both George and Wicksell into his own model. Practical implications – The works of George, Wicksell and Gaffney are highly relevant, especially given the current economic crisis. Originality/value – The paper should be useful both to historians of economic thought and contemporary economists. It brings together ideas that have been neglected in recent years, and contributes to the understanding of economic crises.
Journal
International Journal of Social Economics – Emerald Publishing
Published: Mar 13, 2009
Keywords: Economic history; Economic theory; Economic booms; Economic cycles; Interest rates