A Contribution to the Theory of the TRADE CYCLE,

By: J R Hicks

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A Contribution to the Theory of the TRADE CYCLE, by J R Hicks
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Oxford at the Clarendon Press, London - reprint edition, 1967. hardcover with dust jacket. Slightly soiled jacket (a few spots). Previous owner's stamp hidden under jacket flap. VERY GOOD book in VERY GOOD unclipped dust jacket. The explanation here advanced is based upon the so-called Acceleration Principle; but allowance is made for the consequences of this principle being at work in an advancing economy, of its being subject to complex lags, and of an assymetry between its behaviour in booms and in slumps. Monetary disorders are viewed as a distinct cycle-making factor, which may or may not be important, but which does account for the severity of particular depressions (such as 1930-4).

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