Business-Cycle Theory: Its Development and Present Status

By Alvin Harvey Hansen

"Business-Cycle Theory, Its Development and Present Status" is a seminal examination of economic fluctuations and the evolution of theoretical frameworks used to understand them. Written by the influential economist Alvin H. Hansen, this work provides an exhaustive survey of the various schools of thought regarding the origins and patterns of business cycles up to the early 20th century.

Hansen meticulously analyzes the mechanisms of economic expansion and contraction, exploring factors such as capital investment, credit, and consumer demand. By synthesizing previous theories and identifying their strengths and limitations, the book offers a comprehensive overview of how economic thought shifted from viewing cycles as isolated crises to understanding them as inherent features of modern industrial economies.

As a foundational text in macroeconomics, this study is essential for readers interested in the history of economic thought and the development of cycle analysis. Hansen's insights provide a clear window into the prevailing economic debates of the era, making it a valuable resource for students, scholars, and anyone seeking to understand the historical roots of modern economic stability and growth theories.

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• Format: Paperback
• Language: English
• ISBN: 1025324463
• ISBN13: 9781025324463
• Release Date: February 2026
• Publisher: Tradd Street Press
• Length: 234 Pages
• Weight: 0.73 lbs.
• Dimensions: 0.5" x 6.1" x 9.2"