The Trade Cycle, an Account of the Causes Producing, Rhythmical Changes in the Activity of Business (Classic Reprint)

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Excerpt from The Trade Cycle, an Account of the Causes Producing, Rhythmical Changes in the Activity of Business This brief account of the trade cycle is intended to be a statement in as simple a form as possible of the main causes which underlie the rhythmical variations in the activity of business. It is not the result of original research, but is based mainly on the views of a comparatively small group of economists whose interpretations of the very complicated phenomena of cyclical fluctuations seem to me to be most acceptable. Most of the leading ideas have been drawn from the writings of Dr. Marshall, Professor Pigou, Mr. D. H. Robertson, and from the great work on Business Cycles by Professor W. C. Mitchell of California. The facts and the subsidiary argument have come from a wider range of sources, including the writings of Professor Mitchell and M. Aftalion, to whom inadequate acknowledgment is made in the text. I am much in debt to Mr. H. D. Henderson and other Cambridge friends for valuable criticism and suggestions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.