Juglar, Clement
| Clément Juglar |
 |
| Born |
15 October 1819(1819-10-15)
Paris, France |
| Died |
28 February 1905(1905-02-28) (aged 85)
Paris, France |
| Nationality |
 France |
| Occupation |
Doctor, statistician |
| Known for |
Idea of business cycles |
Clément Juglar (15 October 1819 in Paris – 28 February 1905 in Paris) was a French doctor and statistician.
[edit] Juglar Cycles
He was one of the first to develop an economic theory of business cycles.[1] He identified the 7-11 year fixed investment cycle 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. The recent research employing spectral analysis has confirmed the presence of Juglar cycles in the world GDP dynamics up to the present time.[2]
[edit] Juglar's Impact
Juglar's publications led to other business cycle theories by later economists such as Joseph Schumpeter.
[edit] Publications of Clément Juglar
[edit] See also
- Juglar cycle
- Fixed investment
- Business cycle
[edit] References
- Des Crises commerciales et leur retour periodique en France, en Angleterre, et aux Etats-Unis. Paris: Guillaumin, 1862.
- See, e.g. Korotayev, Andrey V., & Tsirel, Sergey V.(2010). 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. Vol.4. #1. P.3-57.
[edit] External links
| Persondata |
| Name |
Juglar, Clement |
| Alternative names |
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| Short description |
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| Date of birth |
15 October 1819 |
| Place of birth |
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| Date of death |
28 February 1905 |
| Place of death |
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