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Excerpt from Generating Economic Cycles
The rainfall of the Ohio Valley fluctuated in clearly defined eight-year cycles during the seventy-two years from 1839 to 1910; The cycles in the Ohio Valley were congruent with those in the United States considered as a unit.
The course of rainfall before 1839, when there were no meteorological records in the middle and western portions of the United States, may be a subject of dis pute, and one may have individual doubts as to the course of rainfall in the unrealized future. But the revelations of the existing record of eighty-three years describe a sequence of regular natural changes of such magnitude and of such economic importance that the observant explorer in quest of economic regularities will not ignore their suggestiveness. They supply a clue to the intricate economic disorder.
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Generating Economic Cycles (Classic Reprint)
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Paperback. Condizione: New. Print on Demand. This book delves into the fascinating world of economic cycles and their origins. The author, inspired by the work of earlier economists like Cournot, argues that regular, predictable patterns in economic activity are rooted in the natural world. Through rigorous analysis of agricultural data, the book demonstrates a strong connection between fluctuations in crop yields, particularly those driven by weather patterns, and the cycles of prices in raw materials and finished goods. Drawing parallels to the study of tides, the author argues that just as the moon's gravitational pull influences the ebb and flow of the ocean, so too do cyclical meteorological forces drive economic booms and busts. The book's exploration of this relationship lays the groundwork for understanding the underlying forces that shape economic activity and provides a unique perspective on a fundamental question in economics: what makes business cycles so persistent and predictable? This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Codice articolo 9781330549087_0
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PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo LW-9781330549087
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Generating Economic Cycles (Classic Reprint)
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Forgotten Books Apr 2018, 2018
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