The Trade Cycle (1926)

By R.G. Hawtrey

Book Overview

The Trade Cycle, written by economist Ralph G. Hawtrey in 1926, is a seminal work on the economic phenomenon of business cycles. Hawtrey was a prominent member of the British classical school of economics, and his book presents a detailed analysis of the causes and effects of the trade cycle, which he defines as the recurring pattern of economic expansion and contraction.The book is divided into two parts. The first part provides a theoretical framework for understanding the trade cycle, including an examination of the role of credit, investment, and consumption in the economy. Hawtrey argues that the trade cycle is driven by fluctuations in the demand for money, which in turn affect the availability of credit and the level of investment.The second part of the book examines the historical evidence for the trade cycle, drawing on data from the British economy in the late 19th and early 20th centuries. Hawtrey shows how the trade cycle has affected different sectors of the economy, including agriculture, industry, and finance, and how it has been influenced by external factors such as wars and international trade.Overall, The Trade Cycle is a comprehensive and influential work that has shaped the thinking of economists and policymakers for decades. It remains a valuable resource for anyone interested in understanding the dynamics of the modern economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

• Format: Paperback
• Language: English
• ISBN: 1169828930
• ISBN13: 9781169828933
• Release Date: September 2010
• Publisher: Kessinger Publishing
• Length: 24 Pages
• Weight: 0.22 lbs.
• Dimensions: 0.1" x 8.5" x 11.0"