In the mid-nineteenth century the business cycle was increasingly recognised as a recurrent phenomenon. This edition contains key texts from the range of literature in the field.
Note on Copy Texts, Introduction, Joseph A. Schumpeter - 'On the Nature of Economic Crises', Dennis H. Robertson - extract from A Study of Industrial Fluctuation, Gustav Cassel - extracts from Theory of Social Economy, Alvin H. Hansen - extract from Business-Cycle Theory: Its Developmentand Present Status, Joseph A. Schumpeter - 'The Explanation of the Business Cycle', Joseph A. Schumpeter - 'The Instability of Capitalism', Joseph A. Schumpeter - 'The Analysis of Economic Change', Erik R Lundberg - xtract from Studies in the Theory ofEconomic Expansion, Roy F. Harrod - An Essay in Dynamic Theory'
