Conference on Business Cycles

By National Bureau Committee for Economic Research | Go to book overview
Save to active project



The present volume contains the papers presented and the ensuing discussion at the Conference on Business Cycles held in New York, November 25-7, 1949. Since no stenographic record of the discussion from the floor was taken, only those contributions to the debate which were submitted in writing are printed. The authors were given a chance to revise their papers and to append replies to their critics -- an opportunity of which most speakers availed themselves.

The Conference grew out of a recommendation by the Universities- National Bureau Committee for Economic Research, and its program was prepared by a committee consisting of Moses Abramovitz, R. A. Gordon, Simon Kuznets, Jacob Marschak, Geoffrey Moore, Hans Neisser, Arthur Smithies, and myself as chairman.

The purpose of the Conference was to afford the participants, about 70 in number, an opportunity to discuss thoroughly some of the major problems and results of business cycle research. The highly successful Conferences on Research in Income and Wealth were the obvious model for the Business Cycles Conference. I am afraid we have not been able to do for business cycle research as much as the Income Conferences have been able to do for income analysis. The reasons are fairly evident: business cycle research is a broader field; the basic cleavages in approach are much deeper, reaching down to the very philosophical foundations of scientific analysis of social phenomena; hence the scholars interested in our subject are not such a closely knit group as those engaged in income analysis.

I believe, nevertheless, that it was the common opinion of the participants that the Conference was a worthwhile enterprise.

The volume falls into three parts. Part I consists of papers dealing with the major empirical approaches to the study of business cycles, their methods and results.

Wesley C. Mitchell had agreed to open the Conference and to unveil for the first time in public some of the results of his book, What Happens during Business Cycles, which has since been published by the National Bureau. Unfortunately, he did not live to carry out his plan, but his unfinished manuscript was circulated to the conferees and Arthur F. Burns read


Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Cite this page

Cited page

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited page

Bookmark this page
Conference on Business Cycles
Table of contents


Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen
/ 436

matching results for page

Cited passage

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?