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Clément Juglar

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Nationality
  
France

Occupation
  
Doctor, statistician

Name
  
Clement Juglar


Clement Juglar

Born
  
15 October 1819 (
1819-10-15
)
Paris, France

Died
  
28 February 1905(1905-02-28) (aged 85) Paris, France

Known for
  
Idea of business cycles

Clément Juglar (15 October 1819 – 28 February 1905) was a French doctor and statistician.

Contents

Juglar cycles

He was one of the first to develop an economic theory of business cycles. He identified the fixed investment cycle of seven to eleven 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

Juglar's publications led to other business cycle theories by later economists such as Joseph Schumpeter.

Publications of Clément Juglar

  • "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.

    • References

    Clément Juglar Wikipedia
    (Text) CC BY-SA