ABSTRACT

First published in 1943, this work contains five interconnected essays presenting the author's renowned additions to the business cycle theory.

Written by one of the most distinguished economists of the 20th century, this work will be essential reading for students and scholars of the history of economic thought, monetary theory and macroeconomics.

part One|50 pages

Prices, Interest, and Profits

chapter 1|23 pages

Costs and Prices

chapter 3|12 pages

A Theory of Profits

part Two|34 pages

Business Cycle and Trend

chapter 4|21 pages

The “Pure” Business Cycle

chapter 5|13 pages

The Trend