Generating Economic Cycles (Classic Reprint) - Softcover

Henry Ludwell Moore

 
9781330549087: Generating Economic Cycles (Classic Reprint)

Synopsis

This book delves into the fascinating world of economic cycles and their origins. The author, inspired by the work of earlier economists like Cournot, argues that regular, predictable patterns in economic activity are rooted in the natural world. Through rigorous analysis of agricultural data, the book demonstrates a strong connection between fluctuations in crop yields, particularly those driven by weather patterns, and the cycles of prices in raw materials and finished goods. Drawing parallels to the study of tides, the author argues that just as the moon's gravitational pull influences the ebb and flow of the ocean, so too do cyclical meteorological forces drive economic booms and busts. The book's exploration of this relationship lays the groundwork for understanding the underlying forces that shape economic activity and provides a unique perspective on a fundamental question in economics: what makes business cycles so persistent and predictable?

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