The periodicity of commercial crises, and its physical explanation
Citation:
Jevons, W. Stanley. 'The periodicity of commercial crises, and its physical explanation'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. VII, Part LIV, 1878/1879, pp334-342Download Item:
Abstract:
The depression of trade, which has now lasted for some four or five years, with gradually increasing intensity, has naturally attracted considerable attention. All kinds of reasons have been offered to explain its origin?wars, foreign competition, luxurious living, the greed of capitalists, the errors of trades unions, and the like. No accidental cause, however, is sufficient to explain so widespread and recurrent a state of trade. The present depression is no new and exceptional phenomenon; it is, as I shall show, only one instance added to a long series of events of the same kind, occurring with remarkable regularity at intervals of about ten years. The cause can only be found in some great and wide-spread meteorological influence recurring at like periods.
Description:
Read before the Society, August 1878
Author: Jevons, W. Stanley
Publisher:
Statistical and Social Inquiry Society of IrelandType of material:
Journal articleSeries/Report no:
Journal of The Statistical and Social Inquiry Society of IrelandVol. VII, Part LIV, 1878/1879
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Full text availableKeywords:
Business cycles, Depressions, Macroeconomic policyISSN:
00814776Metadata
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