Business Cycles and Their Causes by Wesley Clair Mitchell

Business Cycles and Their Causes
by Wesley Clair Mitchell

Book Description: University of California Press, Berkely and Los Angeles, 1959. Trade Paperback. 12mo - over 6¾ - 7¾" tall. Softcover, Green with graph illustration and black title to cover, third printing and First Paper-bound Edition.

Book Condition: Good, some moderate shelf wear to edges, corners gently bumped, interior clearn and free of marks. Some moderate tanning to wraps. Spine straight, binding tight. No Jacket.

Contents: Chapter 1: The Cumulation of Prosperity, Chapter 2: How Prosperity Breeds Crisis, Chapter 3: Crises, Chapter 4: Business Depression, Chapter 5: Wider Aspects of Business Cycles, Notes, Index. -- Originally published in 1941 this first paper-bound edition is very good read.[From the Back Cover: This is a realistic account of what goes on within a business cycle. The recurrent phases of economic activity-- prosperity, crisis, depression, and revival -- grow into and out of each other. They are here examined in terms of the characteristics and observed behavior of the economic system. Originally published in 1912, Mitchell's germination and familiar work marked the beginning of a distinctly new approach to the analysis of business cycles. This volume, which is Part III of the larger work, has since become the classic theory of their causes. One of the reasons for its durability is not far to seek: it was woven out of observed phenomena of the money economy, not spun out of airy postulates. Original contributions to economic theory outlast the individual and temporal variations which the annals of business and the tables of statistics show.This is such a contribution. Wesley Clair Mitchell was for many years Professor of Economics at Columbia University and Director of the National Bureau of Economic Research, Inc.] 226 Pages, Indexed. Collectible.

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