This reprint preserves the original's core analysis, supported by historical data and a comprehensive theoretical framework. By revisiting this classic work, readers gain valuable perspectives on the persistent and sometimes violent nature of business cycles, as well as the underlying mechanisms that drive them. Whether for historians of economic thought or contemporary analysts seeking foundational knowledge, this volume remains a significant contribution to understanding the rhythms of business activity in market economies.
This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1941.