Investment Cycles in Capitalist Economies

Download or read book Investment Cycles in Capitalist Economies written by Jerry Courvisanos and published by Edward Elgar Publishing. This book was released on 1996 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume extends Michal Kalecki's investment cycle analysis into an integrated dynamic model of how levels of confidence affect investment decisions by entrepreneurs. Confidence is seen as susceptible to a range of factors, which alter over time to create different structures of investment at different periods of economic development. Using this susceptibility model, the author shows how corporate and governmental strategic planners can better design policies to mitigate the instability of investment patterns. Such policies are seen as capable of diminishing the aggravating effect that investment instability has on business cycles and employment in capitalist economies.