Quarterly Journal of Economics Vol. 51 No. 2 1937
Anticipations, Business Planning, and the Cycle
Abstract
I. Business plans based on anticipations, 273.— II. The optimum plan under subjective certainty, 277; its revision when anticipations change, 281; generalisation for monopolistic competition, 283. — III. Uncertainty leads to flexibility in planning, 285; capital-market uncertainty leads to "liquidity, " 290. — IV. Breakdown of anticipations helps explain business cycles, 291.
- DOI
- 10.2307/1882089
- Volume
- 51
- Issue
- 2
- Pages
- 273
- Sources
- openalex crossref