Clément Juglar: Difference between revisions
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{{Short description|French doctor and statistician (1819–1905)}} |
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{{Infobox person |
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|name = Clément Juglar |
|name = Clément Juglar |
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|image = Clément Juglar.gif |
|image = Clément Juglar.gif |
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|caption = |
|caption = |
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|birth_date = {{Birth date|1819|10|15|df=y}} |
|birth_date = {{Birth date|1819|10|15|df=y}} |
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|birth_place = |
|birth_place = Paris, France |
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|death_date = {{Death date and age|1905|02|28|1819|10|15|df=y}} |
|death_date = {{Death date and age|1905|02|28|1819|10|15|df=y}} |
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|death_place = |
|death_place = Paris, France |
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|other_names = |
|other_names = |
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|known_for = Idea of [[Juglar cycle|business cycles]] |
|known_for = Idea of [[Juglar cycle|business cycles]] |
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|occupation = Doctor, statistician |
|occupation = Doctor, statistician |
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|nationality = |
|nationality = French |
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}} |
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'''Clément Juglar''' |
'''Clément Juglar''' (15 October 1819 – 28 February 1905) was a French medical doctor and statistician. |
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He was one of the first to develop an economic theory of business cycles.<ref>Des Crises</ref> He identified the 7-11 year industrial credit cycle that is now associated with his name. His publications led to other business cycle theories by later economists such as [[Joseph Schumpeter]]. The recent research employing [[spectral analysis]] has confirmed the presence of Juglar cycles in the world GDP dynamics up to the present time.<ref>See, e.g. [[Korotayev]], Andrey V., & Tsirel, Sergey V.(2010). [http://www.escholarship.org/uc/item/9jv108xp 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'', 4(1). </ref> |
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==Juglar cycles== |
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He was one of the first to develop an economic theory of [[business cycle]]s.<ref>[http://gallica.bnf.fr/ark:/12148/bpt6k1060720 ''Des Crises commerciales et leur retour periodique en France, en Angleterre, et aux Etats-Unis'']. Paris: Guillaumin, 1862.</ref><ref>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."</ref> He identified the [[fixed investment]] cycle of six to ten years 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 cycle]]s. |
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Juglar's publications led to other business cycle theories by later economists such as [[Joseph Schumpeter]]. |
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==See also== |
==See also== |
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*[[Fixed investment]] |
*[[Fixed investment]] |
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*[[Business cycle]] |
*[[Business cycle]] |
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*[[Fixed capital]] |
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==References== |
==References== |
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==External links== |
==External links== |
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*[http://www.unil.ch/webdav/site/cwp/users/neyguesi/public/D._Besomi_ Clement Juglar and the transition from crises theory to business cycle theories] |
*[http://www.unil.ch/webdav/site/cwp/users/neyguesi/public/D._Besomi_ Clement Juglar and the transition from crises theory to business cycle theories] |
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* {{Gutenberg author |id=2442}} |
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* {{Internet Archive author |sname=Clément Juglar}} |
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{{Authority control}} |
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{{Use dmy dates|date=March 2017}} |
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{{DEFAULTSORT:Juglar, Clement}} |
{{DEFAULTSORT:Juglar, Clement}} |
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[[Category:French statisticians]] |
[[Category:French statisticians]] |
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[[Category:French economists]] |
[[Category:French economists]] |
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[[Category:Business cycle]] |
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[[de:Clement Juglar]] |
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[[es:Clement Juglar]] |
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[[nl:Clément Juglar]] |
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[[ja:クレマン・ジュグラー]] |
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[[zh:朱格拉周期]] |
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{{economist-stub}} |
{{France-economist-stub}} |
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Latest revision as of 13:51, 22 March 2024
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 of business 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 of business cycles.[1][2] He identified the fixed investment cycle of six to ten years 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.
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 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 Juglar at Project Gutenberg
- Works by or about Clément Juglar at the Internet Archive
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