The development of business cycles theories

Abstract

The main objective of this study is to give the concept of business cycles, which contain in one her, stages the economic crisis, and a comparison between the various interpretation of business cycles in deferent economic schools and stand upon the policy of each school to limit them.

One of the most important results of this study is business cycles is a healthy phenomenon in the capitalist economy. However, there are any differences between the economic thinkers in interpretation, there is resort them to climatic conditions; some ascribes refer to the decrease in consumption, others to technological innovations, and the owners of modern school is divided between the assumption of excessive investment, monetary fluctuations approach.