Autonomous and Induced Investment

The distinction between autonomous and induced investment appears to be solidly incorporated in modern business cycle theory. A question is raised here, however, as to whether this condition represents progress or retrogression. For the distinction as employed hitherto suggests a dichotomy with no c...

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Bibliographic Details
Published in:The American economic review 1952-09, Vol.42 (4), p.587-589
Main Author: Ulmer, Melville J.
Format: Article
Language:English
Subjects:
Autonomous investment
Business cycle theory
Capital investments
Economic theory
Financial investments
Induced investment
Inventories
Investment
Investment income
Investment inventories
Securities sales
Stock sales
Studies
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Summary:The distinction between autonomous and induced investment appears to be solidly incorporated in modern business cycle theory. A question is raised here, however, as to whether this condition represents progress or retrogression. For the distinction as employed hitherto suggests a dichotomy with no counterpart in experience-and hence with no scientific value-though its pedagogical worth may in some part be granted.
ISSN:0002-8282
1944-7981