Saturday, November 24, 2012

Haberler on Classifying Business Cycle Theories

"The various theories under review here have been examined, as far as possible, under the following heads:

General characteristics.
Explanation of the upswing (prosperity).
Explanation of the upper turning-point (crisis).
Explanation of the downswing (depression).
Explanation of the  lower turning-point (revival).
Reasons given for recurrence, periodicity, etc.
International complications."

-- Prosperity and Depression, p. 13

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