Cause and Control of the Business Cycle [Paperback] Harwood, E. C. and Stringham, Edward Peter

Do central banks help alleviate or actually contribute to causing the business cycle?

In this prescient 1932 book, E.C. Harwood used sound theory and statistical analysis to examine the true cause of the business cycle, warn about the effects of central banking, and recommend a return to a sound-money, free-market policy.

American Institute for Economic Research is pleased to make this classic work, still extremely relevant to the debate over monetary policy, available to a new generation of readers.

Praise for the original 1932 edition:

“Have enjoyed reading your Cause and Control of the Business Cycle. I only wish we could see its control as plainly as you portray its cause.”
— A member of the faculty, the Army Industrial College

“All who desire a readable discussion of the business cycle will find Mr. Harwood’s book interesting and stimulating.”
— Barron’s National Financial Weekly

“… want to sincerely congratulate you on the depth of thought displayed in the presentation of the vital factors that affect, assist and retard the business cycle.”
— John B. Hughes, Financial Editor of the Boston Post