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Background to A Study of Industrial Fluctuation in 1915

  • John R. Presley

Abstract

The overall aim of this book is to examine the work of Sir Dennis Holme Robertson on the trade cycle. It must begin, however, in very much the same way that the study by Robertson began. The main influences upon his early work are to be found in the theories of the trade cycle which had been expounded before 1915. This chapter provides a classification of these theories, such that they can be later examined in relation to the Robertsonian theory of industrial fluctuation.

Keywords

Trade Cycle Cyclical Movement Trade Cycle Theory Monetary Theory Consumer Good Industry 
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Notes

  1. 4.
    T. S. Ashton, ‘Industrial Fluctuation’ — Review, Economica, Vol. 18, No. 71, (August 1951) pp. 298–302.CrossRefGoogle Scholar
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    See A. Hansen, Business Cycles and National Income, (Norton 1951) pp. 211–217.Google Scholar
  3. 6.
    See especially C. Juglar, Des Crises Commerciales et de leur retour periodique en France, en Angleterre, et aux Etats-Uns, (Paris, 1859).Google Scholar
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  5. 7.
    W. Phillips, Manual of Political Economy, 1828.Google Scholar
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    J. Wade, History and Political Philosophy of the Middle and Working Classes, (Edinburgh Chambers, 1833). Schumpeter regards this as a fairly comprehensive theory of the commercial cycle (op cit., p. 743n).Google Scholar
  7. 9.
    Lord Overstone, then Samuel Jones Loyd, Reflections Suggested by a Perusal of Mr. J. Horsley Palmer’s Pamphlet on the Causes and Consequences of Pressure on the Money Market, (London, 1837).Google Scholar
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  26. 37.
    M. Tugan-Baranowski, op. cit., and A. Aftalion, Les Crises Periodiques de Surproduction, (Paris: M. Rivière et Cie, 1913). Both were reviewed by DHR (EJ, March 1914, pp. 81–89).Google Scholar
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© John R. Presley 1978

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  • John R. Presley

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