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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Trade Cycle (1926)

The Trade Cycle (1926)

Hawtrey, Ralph G.

Hardcover

EconomicsPersonal FinanceFiction Anthologies

ISBN10: 1162558156
ISBN13: 9781162558158
Publisher: Kessinger Pub Llc
Published: Aug 31 2010
Pages: 24
Weight: 0.79
Height: 0.25 Width: 8.50 Depth: 11.00
Language: English
The Trade Cycle, published in 1926, is a seminal work on the economics of business cycles by British economist Ralph G. Hawtrey. The book provides a detailed analysis of the causes and consequences of fluctuations in economic activity, particularly in the context of the British economy in the early 20th century. Hawtrey argues that the trade cycle is a natural and inevitable feature of capitalist economies, caused by fluctuations in the supply and demand for credit. He explains how the expansion and contraction of credit leads to booms and busts in investment, production, and employment, and how these cycles are amplified by feedback effects in financial markets and the wider economy. The book also explores the role of monetary policy in mitigating or exacerbating the trade cycle, and argues that central banks should aim to stabilize the price level rather than targeting short-term interest rates. Hawtrey's analysis of the trade cycle has been influential in the development of modern macroeconomics, and his ideas continue to be debated and refined by economists today. Overall, The Trade Cycle is a classic work of economic theory that provides a deep understanding of the dynamics of business cycles and their impact on the economy. It is essential reading for anyone interested in the history of economic thought, macroeconomics, or the workings of the modern economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

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