Clément Juglar
Clément Juglar was a French doctor and statistician.He was one of the first to develop an economic theory of business cycles. He identified the fixed investment cycle of six to ten years that is now associated with his name. Within the Juglar cycle one can observe oscillations of investments into fixed capital and not just changes in the level of employment of the fixed capital, as is observed with respect to Kitchin cycles.Juglar's publications led to other business cycle theories by later economists such as Joseph Schumpeter.- "Des crises commerciales", 1856, in Annuaire de l'economie politique.
- . Paris: Guillaumin, 1862.
- Du Change et de la liberte d'émission, 1868.
- Les Banques de depôt, d'escompte et d'émission, 1884.
