The economic crises history has recorded first steps of a new order with the capitalist
system that has spread rapidly in Europe and America, beginnig with the Industrial
Revolution in England. Capitalism, which is dominated by free market economy, has
transitioned to economic life as a system based on wealth accumulation and competition,
has also incorporated new concepts into its system, while changing the formation and the
domains of its economic components.
The concept of cyclical fluctuations has been the subject of economic studies as a
new field that has begun to be associated with capitalism. The crises that followed these
fluctuations were fed from different sources according to the pre-capitalist turn and produced
different results.
In this study, Joseph Schumpeter, a representative of the Neo Classical movement,
and Sabri Ülgener’s, one of the important thinkers of Turkish Economic History, studies
on cyclical fluctuations and crises has been analyzed comparatively.
Primary Language | Turkish |
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Journal Section | Researches and Studies |
Authors | |
Publication Date | December 25, 2018 |
Acceptance Date | December 25, 2018 |
Published in Issue | Year 2018 Issue: 12 - Autumn |