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Business Cycles: The Problem and Its Setting

Business Cycles: The Problem and Its Setting

Hardcover

Business GeneralEconomics

ISBN10: 1025320859
ISBN13: 9781025320854
Publisher: Tradd Street Press
Published: Feb 14 2026
Pages: 518
Weight: 1.98
Height: 1.13 Width: 6.14 Depth: 9.21
Language: English
Business Cycles: The Problem and Its Setting is a seminal work in the field of economic science, offering a comprehensive and empirical investigation into the fluctuations that define modern industrial economies. Written by Wesley Clair Mitchell, a pioneer in the study of institutional economics, this volume seeks to move beyond abstract speculation to provide a rigorous, data-driven framework for understanding the recurring patterns of prosperity and depression.

The text is divided into a systematic exploration of the problem of business cycles-the alternating phases of expansion and contraction-and the setting in which these movements occur, including the influence of monetary systems, production processes, and market behaviors. Mitchell emphasizes the importance of statistical observation, utilizing a wealth of historical data to illustrate how various economic factors interact to produce cyclical change.

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Economics