Business Cycles: The Problem and Its Setting (Hardcover) (ISBN-13: 9781025320854)

"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.

As a foundational text in macroeconomics, "Business Cycles: The Problem and Its Setting" established the methodological groundwork for future research into economic forecasting and policy. It remains an essential resource for scholars and students interested in the history of economic thought, the evolution of quantitative analysis, and the structural dynamics of the global marketplace.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you may see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.

As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author: Wesley Clair Mitchell
ISBN-10: 1025320859
ISBN-13: 9781025320854
Publisher: Tradd Street Press
Language: English
Published: 02/14/2026
Pages: 518
Format: Hardcover
Weight: 1.98lbs
Size: 9.21h x 6.14w x 1.13d