Economics of Business Cycles

Economics of Business Cycles

Economics of Business Cycles

Economics of Business Cycles

Excerpt

Although this book was written to supply the need for a text-book for college courses in Business Cycles, it is hoped that the presentation and analysis of the problem here given will be of interest and value to business men, bankers, and public officials as well as to academic students of this internationally important business and economic problem.

The work grew out of several years' experience as a teacher of a college course in Business Cycles. Practically all the material here given has been used in the class-room. The order and manner of presentation are those the author found satisfactory in teaching the subject. The chapters have been subdivided into sections of convenient length for text assignments; in the bibliography will be found a list of writings which may be used by both teachers and students in supplementing the material given in the text.

An empirical study of the factors which constitute cyclical fluctuations in business conditions is first necessary in order to gain even an elementary knowledge of the true nature and characteristics of business cycles. These factors, in so far as possible, for particular periods of time, must be isolated and a statistical study made of the nature and extent of movements of each, and of the correlation or lack of correlation of the movements of one to the other. Many . . .

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