Cookies Policy
X

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Business Cycle Analysis: The Talmudic Insight

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

This chapter discusses that the Talmudic scholars, in the course of their discussions, have developed certain notions concerning business disturbances which modern economists have come to recognize as business cycles. It analyzes some of those passages in the light of modern economics. But first a few words about the development of business cycle theories. The question regarding the necessity of studying the heavenly spheres and their cycles is a recurring theme in the Talmud. The Talmudic scholars were keenly aware of the tendency for prices to fluctuate both on micro and macro levels, and that those price changes can occur locally and inter-regionally. The chapter shows that the talmudic scholars probed the problem of scarcity by way of analysis of failures of supply of commodities resulting in supply shock. These probings included a theory of economic fluctuations, plus some strong intimation of a quantity theory of money.

Keywords: business cycle theories; commodities; economic fluctuations; modern economics; supply shock; Talmud; theory of money

10.1163/ej.9789004174627.i-234.29
/content/books/10.1163/ej.9789004174627.i-234.29
dcterms_subject,pub_keyword
6
3
Loading

Sign-in

Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
     
    Economic Analysis in Talmudic Literature — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation