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- W3212828052 abstract "is not a matter of incidental abuses, but of an economic system failing in its main task, of energizing production. It calls, not for piecemeal reforms, but for comprehensive treatment of an organic malady, ramifying throughout the economic system.1 From the time of Malthus and his concern over gluts up to the present day, economists have been troubled over that phase of the cycle known as depression. In order to understand this term, it is necessary first to comprehend the meaning of the term business cycle, According to Wesley C, Mitchell, the cycle is a type of fluctuation characteristic of economic activities organized in the form of 'business economy’ or 'high capitalism.’”2 This fluctuation causes unbalance, either in an upward or downward direction, and these general ups and downs have a certain regularity, the periodicity of a major cycle being about ten years with approximately three minor cycles to a decade. Prior to the Great Depression (1929-1937), the shortest cycle lasted about two years and the longest about five years, with every third cycle being more severe than the others, thus giving evidence of a major cycle of about ten years in length.3" @default.
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- W3212828052 date "1954-01-01" @default.
- W3212828052 modified "2023-09-22" @default.
- W3212828052 title "Can the government prevent an economic depression" @default.
- W3212828052 hasPublicationYear "1954" @default.
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