Wesley Clair Mitchell

"This book offers an analytic description of the complicated processes by which seasons of business prosperity, crisis, depression, and revival come about in the modern world. The materials used consis…"

"One seeking to understand the recurrent ebb and flow of economic activity characteristic of the present day finds these numerous explanations both suggestive and perplexing. All are plausible, but whi…"

"I began studying philosophy and economics about the same time. The similarity of the two disciplines struck me at once. I found no difficulty in grasping the differences between the great philosophica…"

"In physical science and in industrial technique... we have emancipated ourselves... from the savage dependence upon catastrophes for progress... In science and in industry we are radicals—radicals rel…"