Clement Juglar

Clément Juglar
Born	15 October 1819(1819-10-15) Paris, France
Died	28 February 1905(1905-02-28) (aged 85) Paris, France
Nationality	France
Occupation	Doctor, statistician
Known for	Idea of business cycles

Clément Juglar (15 October 1819 in Paris – 28 February 1905 in Paris) was a French doctor and statistician.

Juglar Cycles

He was one of the first to develop an economic theory of business cycles.^[1] He identified the 7-11 year fixed investment cycle 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 (and respective changes in inventories), as is observed with respect to Kitchin cycles. The recent research employing spectral analysis has confirmed the presence of Juglar cycles in the world GDP dynamics up to the present time.^[2]

Juglar's Impact

Juglar's publications led to other business cycle theories by later economists such as Joseph Schumpeter.

Publications of Clément Juglar

• "Des crises commerciales", 1856, in Annuaire de l'economie politique.
• Des Crises commerciales et leur retour periodique en France, en Angleterre, et aux Etats-Unis. Paris: Guillaumin, 1862.
• Du Change et de la liberte d'émission, 1868.
• Les Banques de depôt, d'escompte et d'émission, 1884.

See also

• Juglar cycle
• Fixed investment
• Business cycle

References

1. ^ Des Crises commerciales et leur retour periodique en France, en Angleterre, et aux Etats-Unis. Paris: Guillaumin, 1862.
2. ^ See, e.g. Korotayev, Andrey V., & Tsirel, Sergey V.(2010). A Spectral Analysis of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and Kitchin Cycles in Global Economic Development, and the 2008–2009 Economic Crisis. Structure and Dynamics. Vol.4. #1. P.3-57.

External links

• Clement Juglar and the transition from crises theory to business cycle theories
• Works by Clément Juglar at Project Gutenberg
• Works by or about Clément Juglar in libraries (WorldCat catalog)

Persondata
Name	Juglar, Clement
Alternative names
Short description
Date of birth	15 October 1819
Place of birth	Paris, France
Date of death	28 February 1905
Place of death	Paris, France