Table of Contents

Handbook on the History of Economic Analysis Volume I

Handbook on the History of Economic Analysis Volume I

Great Economists Since Petty and Boisguilbert

Edited by Gilbert Faccarello and Heinz D. Kurz

Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of this system can be improved and its dysfunction reduced. Each Handbook can be read individually and acts as a self-contained volume in its own right. It can be purchased separately or as part of a three-volume set.

Chapter 35: Clément Juglar (1819–1905)

Muriel Dal Pont Legrand

Subjects: economics and finance, history of economic thought

Extract

Joseph Schumpeter (1954: 1123) described Clément Juglar as being “among the greatest economists of all times” and proposed the so-called Juglar-cycle, which lasts between eight and ten years. However, Juglar’s contribution was not confined to the analysis of business cycles: he wrote papers on demography and on monetary and credit theories (see Allisson et al. 2009). These works are of interest not only because they are original and reflect the debates of the nineteenth century, but also because they provide a more comprehensive view of Juglar’s vision. Juglar was born in Paris in 1819 and initially trained as a physician (see Frobert and Hamouda 2008). He defended his thesis in medicine, ‘De l’influence des maladies du coeur sur les poumons’, in 1846, but in 1848, shocked by the revolution, and the three years of the Republican regime and the 1847 recession, he decided to become an economist. There was a transition period (1851–52) when, after travelling to Algeria, Juglar published several papers on the French colonies (Frobert 2009) before turning his  attention to the French population movements. His statistical investigations led him to identify a regular cycle of weddings, births, and so on, a retour périodique, which he progressively linked to the economic context. Then began his focus on economics: in 1856 he was introduced to the Société d’économie politique by Louis Wolowski, and in 1860 he became one of the founding members of the Société de statistique de Paris. His first paper on...

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