Meng, Xianming - In: Annals of Economics and Finance 7 (2006) 2, pp. 295-319
The relationship between Say's Law and the business cycle has been vigorously debated but no generally accepted … enhance the further growth of the global economy. By scrutinising Say¡¯s Law, and its implicit business cycle theories, this … paper claims that general gluts are possible, and that the essence of the business cycle is in innovation scarcity. Thus in …