Tuesday, September 6, 2011

Consumer Instalment Credit and Economic Fluctuations

Consumer Instalment Credit and Economic Fluctuations
Gottfried Haberler

Book Description: National Bureau of Economic Research, New York, 1942. Hardcover. 1st Edition. 8vo - over 7¾ - 9¾" tall. Hardcover, Green cloth boards with gilt title to spine, First Edition, 1942.

Book Condition:
Very Good, corners very slightly bumped, light shelfwear, top dust dulled, spine straight, binding tight, end papers free of marks, slightest hint of tanning otherwise internally free of marks,

Dust Jacket Condition:
Fair, covers rubbed and soil, spine rubbed and heavy soil, numerous small rips and tears but none larger then 1/2", price intact (not price clipped),

Contents:
Preface, Author's Acknowledgments, List of Tables, List of Charts, Summary, 1. Types of Institutions of Instalment Credit, 2. Ways in Which Instalment Credit May Influence Economic Stability, 3. Measurement of Instalment Credit for Cyclical Analysis, 4. Causes of Instalment Credit Fluctuations, 5. Economic Consequences of Instalment Credit Fluctuations, 6. The Problem of Control of Instalment Credit, Appendix A - Further Observations on the Relations Between Consumer Savings and Instalment Credit, Appendix B - A Mathematical Analysis of the Relationship of New Credits, Total Credits Outstanding and the Net Credit Change by Paul A. Samuelson, Appendix C - Texts of Documents Regarding Government Regulation of Consumer Instalment Credit, Index.

About the Author:
Haberler was born in Austria in 1900, and was educated in the Austrian School of economics. In 1936 he moved to the United States, joining the economics department at Harvard University. There he worked alongside Joseph Schumpeter.

Haberler's two major works were Theory of International Trade (1936) and Prosperity and Depression (1937).

In 1957 GATT commissioned a report on the terms of trade for primary commodities, and Haberler was appointed Chairman. The report found that there was a decline in the terms of trade for primary producers, since 1955 commodity prices were said to have fallen by 5%, whilst industrial prices rose by 6%. Haberler's report seems to prefigure the report written by Raúl Prebisch for UNCTAD in 1964, but when Prebisch's report came out Haberler denounced it. His particular disagreement was with the idea that there was a systematic long-term (secular) decline in the terms of trade.

In 1971, Haberler left Harvard to become a resident scholar at the American Enterprise Institute.

For a detailed biography of Haberler click HERE.

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Gottfried Haberler


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