Cycles: The Science of Prediction (with a 1950 Postscript) by Edward R. Dewey and Edwin F. Dakin

Cycles: The Science of Prediction (with a 1950 Postscript)
by Edward R. Dewey and Edwin F. Dakin

Book Description: Henry Holt and Company, New York, 1949. Hardcover. 8vo - over 7¾ - 9¾" tall. Hardcover, Blue cloth with gilt lettering over navy blue on spine, First printing of this 1949 edition that includes a 52 page 1950 postscript.

Book Condition: Very good, slight wear to edges slight fraying at spine extremes, and front cover corners. Pages are free of marks but show some tanning appropriate to the age of this book. Spine straight, binding tight.

Dust Jacket Condition: Good, in mylar, price clipped, some wear to edges and corners, 1" tear at bottom spine.

Contents: Dewey first became interested in cycles while Chief Economic Analyst of the Department of Commerce in 1930 or 1931 because President Hoover wanted to know the cause of the Great Depression. Dewey reports that economists gave him no consistent answers on the cause of the depression and he lost faith in economic methods. He received and took advice to study how business behavior occurred rather than why. This book attempts to establish the ground for a completely new approach to the economic problems of our era. From a technical standpoint, one only needs to look at a 50 year SPX monthly chart to see how these cycles work themselves out. From a practical standpoint, cycle theory and technical analysis go hand in hand to create powerful patterns like the double top that we witnessed on the SPX monthly chart last year (2008). For those who ignore cycles, the ignorance is likely to be at the peril of their trading and investment accounts. This book is a great overview of Dewey's theories and even for those of you who chose to ignore his premise, this is a great primer on his findings. The additional 1950 postscript "Further Deflation and it's Promise" is a wonderful essay extremely relevant to our current economic crisis . 307 pages (52 in postscript plus 255 of main title). Detailed photos cheerfully provided upon request.

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